Dumping one's life savings undiversified into any bubble can be disastrous. Many people found this out about tech stocks, about homes, about highly leveraged de

Dumping one's life savings undiversified into any bubble can be disastrous. Many people found this out about tech stocks, about homes, about highly leveraged derivative securities, and many other bubbles. To a smaller extent people have found losses in bubbles around everything from Beanie Babies to gas and oil. Getting out from under the debt of the investment has been hard after many a bubble for many a person. That's what the taxi industry in New York was. Uber and Lyft burst that bubble.