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> If everything is in a bubble, then what does it matter? If crypto is in a bubble and you don't own crypto, then what does it matter? Same with Tesla. It matt
by fairity 5y ago
> If everything is in a bubble, then what does it matter? If crypto is in a bubble and you don't own crypto, then what does it matter? Same with Tesla.
It matters because you can: 1) divest from said assets classes or 2) short said asset classes. It also matters because there are downstream consequences of a broad market crash, from which you can protect yourself (if you choose to believe this prediction).
> Frankly, I'm more worried in general over normal economic issues than I am about any speculative asset bubbles
There's nothing stopping you from worrying about inflated asset prices along with your long list of other unrelated concerns.
I agree that the article is light on details, but I fail to understand the rest of your point if there is one.
- edmundsauto 5y agoYou can divest, and do what with the money? Real estate is the best I’ve come up with, but even real estate prices are bananas.
- a0-prw 5y ago> 1) divest from said assets classes or 2) short said asset classes. If you really think it's a bubble you should do the first and put your money into something you think is safe. The second depends on timing and "knowing" how big the bubble will get (How much damage can you take before things start going your way?). I don't think anyone can know that, so shorting is speculation/gambling.