Expectations vs. reality: everything has a price
Artificial intelligence is going to change the world, but that doesn't automatically make the technological revolution a profitable investment.
In December 1996, Alan Greenspan first used the expression "irrational exuberance" during a speech dedicated to the challenges of monetary policy. His use was not intended to assert the existence of a bubble, but to question whether investor enthusiasm had driven up the price of assets too much. It was not the first time that doubts about the rationality of expectations worried more cautious investors and, as we have subsequently seen, it was not to be the last.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
