It's the easiest thing in the world to shake your head and laugh at "crazy" valuations. It's incredibly tired at this point, maybe it was less so in 2007, but i

It's the easiest thing in the world to shake your head and laugh at "crazy" valuations. It's incredibly tired at this point, maybe it was less so in 2007, but it's not an interesting activity in my opinion. And of course there's never any pressure to walk any of it back, this is the Internet, down the memory hole it goes. Talking about the structural reasons for the crazy valuations may be slightly more stimulating.