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“The market can stay irrational longer than you can stay solvent.”
by paavokoya 10y ago
“The market can stay irrational longer than you can stay solvent.”
- daveguy 10y agoI agree 100%! That's why I said the bubble could continue until there are 400 unicorns (or just 50 more), regargless a continuation would exhaust my solvency. I wouldn't bet against it because I don't know if it will pop tomorrow or a year from now or later, but I am almost certain we are in somewhere in the top 25% of a bubble. The breathless arguments that this will continue indefinitely has slowed.
- dnautics 10y agoIf we're in the top 25% of a bubble you should be able to calculate an upper limit to when it will pop. If you say you don't know when it will pop that means you don't know how close we are to the end because these things are characterized by measurable growth dynamics and spend very little time at the top.