bubbles

Type: Concept

As of November 2026, bubbles has been mentioned in one podcast episode on The Diary Of A CEO (Jun 2026). Central to Grantham's analysis of economic trends and market risks.

An economic bubble is a period when current asset prices greatly exceed their intrinsic valuation, where the valuation is justified by underlying long-term fundamentals of the asset. Bubbles can be caused by overly optimistic projections about the scale and sustainability of growth, and/or by the belief that intrinsic valuation is no longer relevant when making an investment. They have appeared in most asset classes, including stocks, commodities, real estate, and even esoteric assets. Bubbles u