A little over a decade ago Seth Klarman, a hedge-fund titan, worried that an asset-price bubble was emerging. He identified Tesla as one of the firms best exemplifying exuberance in the market. At the time, Elon Musk’s electric-vehicle company was worth around $30bn. Today its stockmarket value is $1.3trn.
He will face challenges from both America firsters and conservative mainstreamers
Shareholders are over the moon; bondholders are readying the whip hand
Policymakers at home and abroad are […]
Would an artificial-intelligence bubble be so bad? – The Economist
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