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Trends don't go on forever, but the market can stay irrational longer than you can stay solvent. There's no good rule of thumb for this, other than maybe the Li
by skybrian 24d ago
Trends don't go on forever, but the market can stay irrational longer than you can stay solvent. There's no good rule of thumb for this, other than maybe the Lindy effect.
- EA-3167 24d agoI won’t presume to time it, but at this point I think anyone can see what’s coming. It’s precisely because it can’t be timed that a sane person should stand well clear.
- skybrian 24d agoI certainly can't see what's coming. I believe that nobody really knows what's coming. Some people are overconfident.