5 ms·
I think a naturally occurring Ponzi scheme is the simplest and best definition of a bubble.
by api 5y ago
I think a naturally occurring Ponzi scheme is the simplest and best definition of a bubble.
- taneq 5y agoI like the idea of calling market bubbles "wild Ponzis".
- throwaway803453 5y agoThis definition is not the best since at the very least it missed that a Ponzi scheme lacks transparency and is fraudulent. PG had one of the best definitions: "a rapid increase in buying based on the expectation of soon selling to a sucker willing to pay more". It's in an old Startup School video and I doubt I am getting his wording correct.
- 1vuio0pswjnm7 5y agohttps://en.wikipedia.org/wiki/Greater_fool https://en.wikipedia.org/wiki/Greater_fool