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When Is It Rational To Be Irrational
The expression “irrational exuberance” has taken on a new significance in recent days. It was used in a 1996 lecture by the then Chairman of the Federal Reserve, Alan Greenspan, and was widely interpreted as a diplomatic hint that he considered the markets overvalued.

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Amazing Q&A with Alan Greenspan
If you ever have the chance to see Alan Greenspan do an hour of improptu Q&A in front of any audience (in this case 500 business people in Denver), do it. I went to the AMG National Trust Bank sponsored event today at the Denver Art Museum titled “Art, Alan and AMG.” It was awesome.
When Is It Rational To Be Irrational
The expression “irrational exuberance” has taken on a new significance in recent days. It was used in a 1996 lecture by the then Chairman of the Federal Reserve, Alan Greenspan, and was widely interpreted as a diplomatic hint that he considered the markets overvalued.
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