There is no issue with stating the model and an example of the modeled in the real world such as tulips. You are simply taking a favourable view on when the bub

There is no issue with stating the model and an example of the modeled in the real world such as tulips. You are simply taking a favourable view on when the bubble "burst" occurs in order to see what you want. My point stands that valuations and there growth are not really distinguishing bubble/non-bubble. Thanks for proving me correct in that.