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Bubbles keep growing until they run out of suckers. Those who get out before the bubble bursts might make a lot of money. Everyone else will lose the lot. It ha
by hermitcrab 5y ago
Bubbles keep growing until they run out of suckers. Those who get out before the bubble bursts might make a lot of money. Everyone else will lose the lot. It happened with the South Sea Bubble, Tulipmania, Bernie Madoff, Onecoin and any number of other bubbles/scams.
Isaac Newton, one of the smartest men who ever lived, lost loads of money in the South Sea Bubble.