While we are on the topic of people paying lots of money for something that appears to not have much value... -Modern art was sold by a billionaire recently fo

While we are on the topic of people paying lots of money for something that appears to not have much value... -Modern art was sold by a billionaire recently for tens of millions of dollars per artwork. The art and question is literally just colored lines on a page. -Bitcoin and other cryptocurrencies we're supposed to be new currencies. No one uses a currency, so now people call it a "asset". It burns thousands of times. More energy than traditional electronic currencies that are actually used. -Lots of very high Price to Sales ratio Nasdaq stocks. Shake shack, Zillow, and a long list of other companies that may be nice businesses but are not worth more than 10x their annual revenues as market cap.