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A lot of these examples seem to be conflating normal business cycle peaks with bubbles. I think calling every "thing that goes up and then down later" a bubble
by cwkoss 5y ago
A lot of these examples seem to be conflating normal business cycle peaks with bubbles. I think calling every "thing that goes up and then down later" a bubble is stretching the definition past the point of utility into absurdity.
I found this article disjointed and meandering and am not sure what the author intends the reader to take away from it. Smells like an article from someone who likes to call themselves an expert by using buzzwords to reductively categorize history into their personal arbitrary framework, but doesn't have much practical experience in what they preach.
- boringg 5y agoI had a tough time figuring out what the take away was as well. I think my sense is that there isn't a prescription or anything to the article but that a bubble isn't inherently a terrible thing and that there are good things as in the authors argument that bubbles point to a future change based on current [over] optimism. Maybe a silver linings take on the bubbles. I thought it was interesting to think about them but I do agree the vagueness of the take way did leave me wanting more from it.
- ffggvv 5y agonot just that “Enron, Theranos, Long-Term Capital Management, and Countrywide Financial” two of those are blatant frauds and ltcm just had over levered trades go against them. not sure they are examples of bubbles