Wednesday, March 15, 2006
Definition of Irrational Exuberance: "The term irrational exuberance became Greenspan's most famous quote, out of all the millions of words he has uttered publicly. The term 'irrational exuberance' is often used to describe a heightened state of speculative fervor. It is less strong than other colorful terms such as 'speculative mania' or 'speculative orgy' which discredit themselves as overstating the case. I chose this phrase as the title for my book because many people know instantly from this title what this book is about."