, Columnist
The Paranoid Style in American Investing
In 2021, financial prophets and online echo chambers warped stocks and crypto, inflated a bubble and opened the era of identity investing.
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“Every age has its peculiar folly; some scheme, project, or phantasy into which it plunges, spurred on either by the love of gain, the necessity of excitement, or the mere force of imitation.
Failing in these, it has some madness, to which it is goaded by political or religious causes, or both combined.”