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Irrational exuberance is unsustainable investor enthusiasm that drives asset prices up to levels that aren’t supported by fundamentals. The term “irrational exuberance” is believed to have been coined by Alan Greenspan in a 1996 speech, “The Challenge of Central Banking in a Democratic Society – …
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Mike is a senior consultant at Montfort Communications. Until recently he was assistant editor at Financial News and that journalistic pedigree shines through in this remarkable piece of writing. 638 more words
Employers selecting DC default investment funds for their workforce pensions assume they’re making a wise investment choice. However, a new report, ‘Who’s performing well?’ from… 1,124 more words
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” Let me put my concern this way using your rain and umbrella example.” “I bought an umbrella, because I know that there is a 95% chance of rain that day.