"A good working definition of a bubble is that the price of an asset has become detached from the fundamentals, which means that the only way to make money in a bubble is to find a bigger fool to take the thing off your hands."
- Tim Harford, economics leader writer for the Financial Times. He is the author of four books and also writes the long-running weekly FT column, “Undercover Economist."
He first joined the FT as a Peter Martin Fellow in 2003, and after working for a short period at the World Bank in Washington, D.C., he rejoined FT’s leader writing team in 2006.
Quoted in the Financial Times, Undercover Economist: "When a man is tired of London house prices" May 9, 2014
Photograph by PopTech, available on Wikimedia Commons
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