Jamie McDonald, former portfolio manager at Point72, helps viewers understand the signs, causes, costs, and occasional benefits of financial bubbles. Highlighting the predictability of human nature and paradigm shifts in monetary policy, McDonald raises another question, "Are bubbles inevitable?" He examines past bubbles for answers to these questions, breaks down the 5 stages of every financial bubble, and dissects the current environment to help viewers judge if we are in the midst of any bubbles now. You can find more info on mimetic desire and the role of passive indexation in equity market pricing here: https://www.realvision.com/shows/the-interview/videos/bubbles-monopolies-and-copycats & https://www.realvision.com/shows/the-interview/videos/the-perils-of-passive-indexation.