"Irrational exuberance" is a phrase used by the then-Federal Reserve Board Chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the Dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be somewhat overvalued.
Read more about Irrational Exuberance: Overview
Famous quotes containing the words irrational and/or exuberance:
“The irrational may be attractive in the abstract, but not in cab drives, dinner guests, or elderly relatives.”
—Mason Cooley (b. 1927)
“Are sailors, frequenters of fiddlers’ greens, without vices? No; but less often than with landsmen do their vices, so called, partake of crookedness of heart, seeming less to proceed from viciousness than exuberance of vitality after long constraint: frank manifestations in accordance with natural law.”
—Herman Melville (1819–1891)