Bubbles and Crashes

５４页　　英文　　pdf

英文,普林斯顿大学Dilip Abreu,Markus K. Brunnermeier著,讨论的证券市场的泡沫及其破灭

Story of a typical technology stock
􀀑Company X introduced a revolutionary wireless communication technology.
􀀑It not only provided support for such a technology but also provided the informational content itself.
􀀑It’s IPO price was $1.50 per share. Six years later it was traded at $ 85.50 and in the seventh year it hit $ 114.00.
􀀑The P/E ratio got as high as 73.
􀀑The company never paid dividends.