8 ms·

Irrational exuberance rarely transitions to a rational drawn down. The minute the first selfish-actor flood-liquidates, everyone else will too. That's now runs

by burnte 4mo ago

Irrational exuberance rarely transitions to a rational drawn down. The minute the first selfish-actor flood-liquidates, everyone else will too. That's now runs work.

JumpCrisscross 4mo ago
[dead]
chrisweekly 4mo ago
but this isn't "irrational exuberance", literally everyone I know paying and kind of attention has "rational dread".
- burnte 4mo ago
  In my opinion the amount of money poured into these companies is the definition of irrational exuberance. And even if you want to call it dread, once they start to deflate people will panic and flee.
  - chrisweekly 4mo ago
    Hmm. With respect, I disagree. When the term was first coined, the broader context was "Main St" (ie, retail) investors acting with apparently excessive optimism. Whereas the unfathomable sums being poured into AI by "Wall St" arguably stem from profound but simple greed, a scheme in which the uber-rich are forcing AI and the concomitant bubble risk down the throats of the general public. "Exuberance" has a significantly positive connotation, which in this case I find completely absent.
hattmall 4mo ago
But where else will people put their money?
- thfuran 4mo ago
  I heard daffodils are where it's at.
  - jb1991 4mo ago
    The source of your information requires more scrutiny.
    - thfuran 4mo ago
      Your flower guy is probably in league with the Dutch and certainly behind the times.
- marcus_holmes 4mo ago
  Somewhere safe. Gold, usually.
  - throwaway2037 4mo ago
    > "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." That is a quote from Warren Buffett. More: https://www.gurufocus.com/news/220058/seven-quotes-from-warren-buffett-on-gold https://www.gurufocus.com/news/220058/seven-quotes-from-warr...
    - csomar 4mo ago
      While this is factual, the world (and humans) haven't functioned this way since ... ever? It doesn't matter what you think logic is, if the people who are providing the services (teacher, worker, doctor, etc..) are illogical and you need these services from these people.
- burnte 4mo ago
  That's not the problem, the problem is when they take it out of these companies, where it goes after that is irrelevant. Once the exodus starts prices will plummet and lots of people will lose a lot of value.

by burnte 4mo ago

Irrational exuberance rarely transitions to a rational drawn down. The minute the first selfish-actor flood-liquidates, everyone else will too. That's now runs work.

JumpCrisscross 4mo ago

[dead]

chrisweekly 4mo ago

but this isn't "irrational exuberance", literally everyone I know paying and kind of attention has "rational dread".

burnte 4mo ago
In my opinion the amount of money poured into these companies is the definition of irrational exuberance. And even if you want to call it dread, once they start to deflate people will panic and flee.
- chrisweekly 4mo ago
  Hmm. With respect, I disagree. When the term was first coined, the broader context was "Main St" (ie, retail) investors acting with apparently excessive optimism. Whereas the unfathomable sums being poured into AI by "Wall St" arguably stem from profound but simple greed, a scheme in which the uber-rich are forcing AI and the concomitant bubble risk down the throats of the general public. "Exuberance" has a significantly positive connotation, which in this case I find completely absent.

hattmall 4mo ago

But where else will people put their money?

thfuran 4mo ago
I heard daffodils are where it's at.
- jb1991 4mo ago
  The source of your information requires more scrutiny.
  - thfuran 4mo ago
    Your flower guy is probably in league with the Dutch and certainly behind the times.
marcus_holmes 4mo ago
Somewhere safe. Gold, usually.
- throwaway2037 4mo ago
  > "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." That is a quote from Warren Buffett. More: https://www.gurufocus.com/news/220058/seven-quotes-from-warren-buffett-on-gold https://www.gurufocus.com/news/220058/seven-quotes-from-warr...
  - csomar 4mo ago
    While this is factual, the world (and humans) haven't functioned this way since ... ever? It doesn't matter what you think logic is, if the people who are providing the services (teacher, worker, doctor, etc..) are illogical and you need these services from these people.
burnte 4mo ago
That's not the problem, the problem is when they take it out of these companies, where it goes after that is irrelevant. Once the exodus starts prices will plummet and lots of people will lose a lot of value.