> "The article makes it sound like as if this is a recent phenomenon. I don't believe that's true. I believe that stock prices, or prices of anything, be it tul

> "The article makes it sound like as if this is a recent phenomenon. I don't believe that's true. I believe that stock prices, or prices of anything, be it tulips or paintings, have always been driven by narratives. " That might have an element of truth, but recent generations have had opportunities for "financial nihilism" well in excess of anything imaginable by earlier generations, in line with the availability of information, speed of communication, and access to services. Just looking back two or three generations, you got your stock prices in the daily newspaper, you didn't have computers to draw out all your fancy technical analysis charts (although if you were patient you could make charts with pencil and paper), almost no one had access to a stockbroker, and of course there wasn't an internet where you could read about meme stocks or the latest cryptocurrency scheme.