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you may be right but these people are getting rich while we can only take satisfaction in knowing it may eventually crash
by ffggvv 6y ago
you may be right but these people are getting rich while we can only take satisfaction in knowing it may eventually crash
- mattnewton 6y agoAbsolutely, and lots more will be rich still. Find-the-greater-fool is often a very profitable game for everyone but the greatest fool, and I certainly didn’t mean to say no one should gamble on these, or even that we should run out of “fools” anytime soon. It’s not like people who own bars of precious metals are betting that suddenly we will have a huge demand for gold and silver electronics after all, most are looking for something to offload to other people who want something easy to offload later still.
- CarelessExpert 6y agoBy that logic you should buy into every Ponzi scheme and speculative bubble you can find.