Tale of Ten Bubbles

You might’ve heard of the term “Everything Bubble”.

It’s true, we are at a critical junction in history where multiple interrelated bubbles are about to burst. In fact, many of them are bursting in front of our eyes right now.

This is a tale of ten major financial and economic bubbles.

A quick foreword. These are extremely complex topics. While I know a few of these very well, I am by no means an expert in all of them.

This is a basic introduction, and I encourage you to dig deeper.

Passive investing bubble

Below is the chart of MSCI, one of the largest providers of market indices in the world. It’s no coincidence that the stock 10x’ed in a decade where passive investing slowly overtook active management in terms of AUM.