FT商学院

Beware the three Ls: leverage, liquidity and lunacy
警惕“三个L”:杠杆、流动性与疯狂

In the long run bubbles always deflate, often when least expected
从长远看,泡沫终会破灭,而且往往在最意想不到的时候。

A decade ago, Andrew Ross Sorkin, a journalist, TV anchor and co-creator of the show Billions, started obsessively studying the 1929 stock market crash. Now he has finally published a book about that event — with clever timing. For with tech stocks having gyrated wildly this week, there is intensifying debate about whether we have just witnessed a bubble linked to hype about artificial intelligence, which is now set to burst.

大约十年前,安德鲁•罗斯•索尔金(Andrew Ross Sorkin)——一位记者、电视主播兼《亿万》共同创作者——开始痴迷地研究1929年的股市崩盘。如今他终于在一个颇为巧妙的时间点出版了关于这一事件的著作。因为本周科技股剧烈震荡,关于我们是否刚刚见证了一个由人工智能热潮催生、且行将破裂的泡沫的争论,正在升温。

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