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The amazing thing about bubbles is that you can only know that was a bubble only after it explodes but you can never predict it before.
by amiune 7y ago
The amazing thing about bubbles is that you can only know that was a bubble only after it explodes but you can never predict it before.
- TheOtherHobbes 7y agoBefore 2008 it was amazing how many people outside of economics, finance, and politics were able to see a disaster coming, but almost everyone in those sectors was completely blindsided.
- bcrosby95 7y agoThere's plenty of proof that people in those industries saw it coming. The question was when. Some people in them even thought it would pop years before 2008. If you acted on that then you lost despite being right because you didn't get the time horizon correct.
- amiune 7y agoOk so we just need those people to write a precise definition of "bubble" so we all can see it coming
- sokoloff 7y agoHow many of those people held that same view for 5 years before finally being right? It’s easy to call a market reversal if you’re comfortable calling 9 of the next 2 reversals.