Bubble
Described by Charles Kindleberger in Manias, Panics and Crashes (1978) as a sharp rise in asset price in a continuous process, with the initial rise generating expectations of further rises and attracting new buyers…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series X-B← All terms