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I think it'd be truer to say that you can't be sure it's a bubble until after it pops.
by Retr0id 11mo ago
I think it'd be truer to say that you can't be sure it's a bubble until after it pops.
- rvz 11mo agoThat is like telling others who experience natural disasters to wait until it happens and then ask themselves "How much damage will it bring" and then someone else tells them that it costed them everything. Anyone who has lived through the dotcom bubble knows that this AI mania is a obvious bubble and the whole point is you have to prepare before it eventually pops, not after someone tells you that it is too late when it pops.
- Retr0id 11mo agoYou don't prepare by making predictions about when it will pop, you prepare by hedging etc. Just as those who live in earthquake-prone areas build earthquake-resistant buildings.
- rvz 11mo ago> you prepare by hedging etc. Has to be done before the eventual collapse of the bubble and still proves my whole point: >> the whole point is you have to prepare before it eventually pops.
- Retr0id 11mo agoKnowing whether it is or isn't a bubble isn't relevant to the decision to prepare. You prepare for both possibilities!
- deleted 11mo ago[deleted]
- deleted 11mo ago[deleted]
- 9rx 11mo agoExcept not all (market) bubbles pop. Sometimes they slowly deflate, and sometimes they stabilize ("soft landing").