Boom Bubble Bust: Part III - The Essential Irrationality

Fri 21 Jul 2017

Brian Dennehy

Membership Access | bronze

Market commentary

Last week I ended Part II by asking is the ETF buying irrational? And even if it is, is there scale to this behaviour which marks it out as a market bubble rather than just bizarre action at the margin? Here I explore the rationality of passive investing with the help of the insightful Dalbar Study and the Financial Times.

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