Former Federal Reserve luminary Alan Greenspan famously coined the term “irrational exuberance” in referring to asset bubbles, which occur when large overvaluations of assets balloon and then end in grief. Resource Maven newsletter writer Gwen Preston claims in an interview with Mining Weekly that lithium, used in electric vehicles, is in a bubble and puts the odds of many newly listed lithium companies creating value at “basically zero”. She outlines how they will ride the bubble until it bursts and then come crashing back down. She concedes that the inflation of many lithium shares is rooted in a legitimate narrative of lithium capacity being unable to match future demand but argues that few of the stocks involved in the current bubble will ever be in time to feed into the shortfall, hurting the “irrationally exuberant” investors.