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The concept of a bubble doesn't exist anymore. In the past, investors were way more tuned to value investing. Now days, investors dgaf about value as much as hy
by ActorNightly 1y ago
The concept of a bubble doesn't exist anymore. In the past, investors were way more tuned to value investing. Now days, investors dgaf about value as much as hype. As long as they can generate hype, the money will flow. And everyone is bought into the hype.
And really, overall its not really a bad thing, because money flowing = economic activity. The only downside is the focus of technological progress gets lost in the sauce, with a lot of companies thinking short term rather than actual persistent value.
- oldsklgdfth 1y ago> The concept of a bubble doesn't exist anymore. It is a reminder that economics is firmly based on behavior. Interesting to see how economics reflects on this period in time. > gets lost in the sauce Thanks you for referencing the contemporary rap philosopher Gucci Mane [0]. [0] https://www.youtube.com/watch?v=g0-F88c6Hrk https://www.youtube.com/watch?v=g0-F88c6Hrk
- kerningije 1y agoPeople said we have outsmarted downturns just before every major downturn in the past century and a half. Boom and bust is how complex systems develop. The biosphere down to that slime mold mapping out food sources. It's always a pulse. Oh it makes for a bumpy ride for the monkeys? Yeah. It does. Will the monkey outsmart the physics of complexity? Unlikely.