This is a fascinating look at index funds and the narratives that affect them. Through the lens of narrative economics, Dr. See describes with excellent style the Index Bubble. He shows graphically how optimism and pessimism affect certain assets and how cycles repeat themselves. He concludes with graphical presentations of effects and factors that drive the Index Bubble to inflate or deflate.
William A. See III, or Tennessee Bill, is a musician, physician, professor, humanitarian, economist, and author. He is a renaissance man and holds multiple degrees and currently practices general pediatrics in the Tennessee countryside. He plays multiple instruments and is the fiddle player and singer for the Glade City Rounders, an old-time string band. You can follow his many projects at www.williamsee.com