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There are already much more detailed answers than this one is going to be but: all bubbles pop. The very nature of the bubble is people are walking around with
by moomin 10y ago
There are already much more detailed answers than this one is going to be but: all bubbles pop. The very nature of the bubble is people are walking around with assets that are misvalued. The greatest trick in finance though, isn't spotting overvaluation: it's figuring out when reality is going to kick in. Every time a price defies gravity (housing, tech stocks, the UK economy), there's plenty of people who see the crash coming. But timing is everything.
- deleted 10y ago[deleted]