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Stein’s Law

The Problem Predicting How Big Bubbles Will Get

Rationally Assessing an Irrational Event “The current situation is not supposed to happen, which makes it tricky for us to understand exactly when it will end.” –Ben Inker, GMO Quarterly Newsletter (Q1 2013) Investing guru and resident elder Jeremy Grantham’s latest quarterly newsletter is out, and the surprise — at least to me — is...
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