Investors are seized by optimism. Can the bull market last?
An artificial-intelligence boom has turned into an everything boom Jul 25th 2023 Bull markets, according to John Templeton, “are born on pessimism, grow on scepticism, mature on optimism and die of euphoria”. The legendary Wall Street fund manager put this philosophy into practice in 1939. At a time when others were panicking about Europe’s descent …
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