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When the majority is claiming 'there's a bubble' in a certain asset, then it's undervalued or not understood. When the majority claims 'there's no bubble', then
by megafounder 9y ago
When the majority is claiming 'there's a bubble' in a certain asset, then it's undervalued or not understood. When the majority claims 'there's no bubble', then usually it's a bubble.
- jlft 9y agoReminds me of the Sequoia "RIP: Good Times" and all the "tech bubble warning" articles in 2008.