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I hope so. Bubbles are fun Seriously. Bubbles are where you get paid outlandish sums to program computers for a living. They're where your silly web startup
by jasonkester 15y ago
I hope so. Bubbles are fun
Seriously. Bubbles are where you get paid outlandish sums to program computers for a living. They're where your silly web startup gets bought for $40M for no particular reason. They're where you watch your stock portfolio double in six months, then double again four months later. A Bubble is truly a great time to be alive.
The important point is to recognize a Bubble for what it is and don't make the mistake of thinking you're actually as rich as you seem to be. Cash out frequently into things that are actually worth money, and don't go buying that $1.6M house that you can "afford" with all this "money" rolling in.
It'll stop rolling in soon enough. Then most of it will roll back out. And if you stay smart you will have had an absolutely great time of it.
At least that was my experience in the late 90's, quadrupling the salary, being "one year from retirement", then unquadrupling the salary and having a regular amount of savings and a regular looking stock portfolio. But while it was happening, it sure was good.