People seem very confused thinking that something can't both be valuable AND a bubble. Just look at the internet. The dot com bubble was one of the most widely

People seem very confused thinking that something can't both be valuable AND a bubble. Just look at the internet. The dot com bubble was one of the most widely recognised bubbles in history. But would you say the internet was a fad that went away? That there was no value there? There's zero contradiction at all in it being both.