Bitcoin is coming off one of its best one-day performances of the year, but one Nobel Prize-winning economist sees the cryptocurrency as more of a psychological experiment than a serious investment.
Michael Mauboussin’s 10 Attributes of Great Investors [Pt.1]
In 2016, Michael J. Mauboussin completed his 30th year on Wall Street. The analyst, who was working at Credit Suisse at the time, decided to celebrate by reflecting on the ten attributes of great investors he had observed over the previous three decades. He published his ideas in a report in August 2016. I've summarised Read More
“I’m interested in bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with us for a while,” Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, told CNBC’s “Trading Nation” on Thursday.
“To me, it’s interesting as another example of faddish human behavior. It’s glamorous,” he added.