Oct 17, 2025 – 11.09am
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Blame Steve Eisman. Or Michael Burry. Or perhaps most accurately, Michael Lewis, the journalist whose famous book, The Big Short, turned them into legendary figures in the financial world.
These days, James Aitken says, it feels like everyone is on the lookout for a bubble. The dotcom crash, the global financial crisis and even George Soros’ famous war against the British pound are seared into the market’s collective memory. Talking about left tail risks – those extreme, low-probability negative events that blow up markets every generation or so – is just really exciting.
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