How Do Bubbles Happen? When The Stories We Tell Get Detached From The Evidence

“Bubbles inflate as the distance between fiction and reality increases. Contexts – such as investor liquidity, regulatory frameworks and cultural and macro-economic factors – establish boundaries on how far our stories can depart from reality. But entrepreneurs are also creatures of context, and some are better than others at ‘entrepreneuring’, stretching the limits of plausibility and maximising time for their imagined realities to catch up to their promises.” – Aeon