I subscribe to a newsletter put out by Jamie Catherwood, an excellent market historian This recent output perfectly describes how market manias work and why the market tends to favor companies during times when, as I like to put it, why allow facts to get in the way of a good story. https://mail.google.com/mail/u/0/#inbox/FMfcgzGqPzLlzLtLQJBsfcJVjBHDpQSG
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