Just taking your first example, yes I believe you could characterize a lot of the investments in electrification as speculative bubbles even though there was un

Just taking your first example, yes I believe you could characterize a lot of the investments in electrification as speculative bubbles even though there was underlying value that was borne out. https://en.wikipedia.org/wiki/Public_Utility_Holding_Company_Act_of_1935 https://en.wikipedia.org/wiki/Public_Utility_Holding_Company...