Barry Ritholtz, Columnist

How Do You Define a Bubble? (And Are We in One Now?)

Taken as a whole, can we (as defined by Asness) discover âany reasonable future outcome can justify present prices"?

December 6, 2013 at 8:31 AM EST

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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"The term bubble should indicate a price that no reasonable future outcome can justify."
-Clifford Asness

Fridays are the day I like to wax philosophical about all things market related, with an emphasis on the failings of your wetware. This week is no different.

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