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No, I hear ya. =) But my question is if few people could recognize the coming of a bubble in 1999, what makes you think they're better at calling one out toda
by JMiao 20y ago
No, I hear ya. =)
But my question is if few people could recognize the coming of a bubble in 1999, what makes you think they're better at calling one out today? i.e. how easy it is to say "get out before the bubble bursts"
- zaidf 20y agoYou really have to understand the bubble of '99. Such a bubble isn't even possible today. Yes there are few odd investments here and there but that is vastly different from having deadbeat IPOs of '99 era that were based on pure hype. Closest bubble bursting we might see this time around may be IF adsense/adwords collapse. Even then it will be on a much smaller scale than before. And to be honest, knowing the smart folks behind google, I don't see such a thing happening overnight. At the helm of '99 bubble were young grads and hype filled underwriters; at the helm of the bubble today(if you can even call it a bubble) are a buncha PhDs and a very smart CEO(Eric Schmidt).
- JMiao 20y agoNot that I have an opinion on whether there's a bubble going on today, but I'd like to point out that there can be more than one "Bubble," you know. I'm just saying it's very difficult to really identify and act on a bubble when you yourself are entrenched in the middle of it.