bubble

  

Definition

Temporary condition caused by unjustified speculation in the price of a stock or commodity to a level that bears no relation to its real worth or potential. Bubbles inevitably fail (burst), wiping out the savings of unsophisticated or unsuspecting investors.

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Management has to Change with the World

AOL was run at the peak of the Internet bubble by a coterie of relatively young managers who had, thanks to their efforts and in no small part to what turned out to be a fantasy-land economy and stock ... Read more

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