Conan O'Brien Quotes
It's a good thing I was born in this century, when superfluous television seems to be part of the economy.
O'Brien, Conan. "Harvard University Commencement Address." Harvard University, 8 June 2000, Cambridge, MA. Address.
An economic bubble occurs when the investing public with little logic and facts to support it actions exhibits great enthusiasm and overvalues some kind of asset with the logic that the price is going up and someone later will pay more than I just did—sometimes called the “greater fool theory”. Historically Fama claims that there were no bubbles until there were media to whip up the irrational enthusiasm necessary for a bubble to take place. Capitalist history is full of bubbles ranging from real estate, to tulips; from silver to dot com shares. The damage is always great to the people at the end who are stuck with the object of the bubble which few people want any more. In the period before the bubble, lots of people make money contributing to the demand for the object of the bubble.
Conan Christopher O'Brien is an American television host, comedian, writer, and producer. He is best known for hosting several late-night talk shows; since 2010, he has hosted Conan on the cable channel TBS. O'Brien was born in Brookline, Massachusetts, and was raised in an Irish Catholic family. He served as president of The Harvard Lampoon while attending Harvard University, and was a writer for the sketch comedy series Not Necessarily the News.
