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This is a delightfully succinct way to put it, going to steal this one!



The phrase "irrational exuberance" is sprinkled throughout John Bogle's book, Don't Count On It. (At least I think I'm remembering that correctly. But some Google brought up Alan Greenspan as using the phrase a lot.)

If you don't recognize the name, he founded Vanguard and the first index fund.





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