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> There is no reason these companies, even if massively overvalued, have to "pop." This is a wild thing say without any qualification.
by overfeed 4mo ago
> There is no reason these companies, even if massively overvalued, have to "pop."
This is a wild thing say without any qualification.
- JumpCrisscross 4mo ago> This is a wild thing say without any qualification It’s really not. Bubbles are notable because most elevated asset prices slowly go down. And they have common characteristics that force the reckoning. Usually debt. Sometimes operational leverage.