Locked
Alec Hogg: Naspers not among Dalio’s ‘bubble’ stocks
The way Dr Smith explains it, Amazon, Apple, Adobe, Microsoft and Naspers do NOT fall within this “emerging tech” definition, writes Alec Hogg.
Got some heartening news for our BizNews Share portfolio last night when my colleague Jackie Cameron interviewed a measured Dr Richard Smith, chairman and CEO of the Foundation of Cycles. It was a follow-up to the Ray Dalio "bubble indicator" story which featured in yesterday's RP newsletter.
For context, Dr Smith's foundation, a non-profit, is 80 years old. It was created by the 31st US president Herbert Hoover (above) to uncover what caused the 1929 stock market crash and the subsequent Great Depression. Its founder, Hoover's chief economist Edward Dewey, was a pioneer in behavioural economics, a field that's become increasingly popular with time.
___STEADY_PAYWALL___