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The best sign that we are not in a bubble is the fact that it's mainstream to think that we are in a bubble. This suggests that the possible overhype is already

by oskarth 15y ago

The best sign that we are not in a bubble is the fact that it's mainstream to think that we are in a bubble. This suggests that the possible overhype is already accounted for in the market price. It's the equivalent of when your taxi driver starts talking about a "hot stock", it's time to sell.

eli_gottlieb 15y ago
The best sign that we are not in a bubble is the fact that it's mainstream to think that we are in a bubble. This suggests that the possible overhype is already accounted for in the market price. No it doesn't, because most of these companies aren't trading on the public markets. They're taking venture capital funding or trading on private exchanges. So it takes VCs believing it's a bubble (which it is against their interests to believe!) to actually factor that into valuations. It's a bubble. Time to pick who's a real business, and buy their stock when the whole thing crashes.