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Be careful of high valuations

 Liew Jia Teng
Liew Jia Teng4/9/2018 07:30 AM GMT+08  • 8 min read
Be careful of high valuations
SINGAPORE (Apr 9): March marked the 10th anniversary of Bear Stearns’ near- collapse, one of the first dominoes that fell before Lehman Brothers went bankrupt in the subprime mortgage crisis of 2007/08.
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SINGAPORE (Apr 9): March marked the 10th anniversary of Bear Stearns’ near- collapse, one of the first dominoes that fell before Lehman Brothers went bankrupt in the subprime mortgage crisis of 2007/08.

Economist Nouriel Roubini, the man who called the 2008 global financial crisis (GFC), had remarked that it was not a black swan event. Instead, there were tens of different signals that would eventually lead to a tipping point. (He defined a black swan event as an unforeseen incident.)

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