irrational

Gavekal Research suggests the current AI investment climate resembles an “irrational bubble” due to high marginal costs and capital intensity.

She told a conference of police leaders "the structure of our police forces is, if we are honest, irrational".

“The market can remain irrational longer than you can remain solvent,” is a financial industry shibboleth most investors have learned through a great deal of pain.

Exxon Mobil has taken issue with those reporting rules too: Chief Executive Darren Woods has described the rules in Europe—known as the Corporate Sustainability Due Diligence Directive—as “an irrational piece of policy.”

At the same time, the bears argue that it’s a sign of potentially irrational exuberance when margin debt increases for many months in a row.