The trading floors in Asia’s financial center (Singapore) are currently gripped by extreme excitement.
A flood of AI-related capital is rushing in, pushing stock prices to break through the ceiling of rationality day after day.
All of us professionals can sense it lurking beneath the surface: this is not sound growth, but pure “mania.”
Yet, no one dares to hit the brakes.
Why does history always repeat itself?
This cold, relentless question was answered by the Nobel Laureate economist, Professor Robert Shiller.
His timeless masterpiece, Irrational Exuberance, asserts that asset bubbles begin not with greed, but with a “story”(or narrative).
