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Spotting bubbles and predicting they will burst at some point is not a particularly useful skill. Housing in Amsterdam was in a bubble for 37 years in the 1700s
by alvah 2y ago
Spotting bubbles and predicting they will burst at some point is not a particularly useful skill. Housing in Amsterdam was in a bubble for 37 years in the 1700s; identifying the bubble early on would have been completely pointless.
- ksynwa 2y agoSo what should one do when one notices a bubble?
- alvah 2y agoIf I had a reliable / repeatable answer to that question, my net worth would be a very large multiple of what it currently is!
- automatic6131 2y agoAnd a Nobel prize in economics to your name!
- rcxdude 2y agoTry not to be caught up in it, even if you feel a lot of FOMO as it lasts longer than you expect.
- rsynnott 2y agoSure, but predicting when an economic bubble will burst with any accuracy is virtually impossible.