3 ms·
Anyone can call out 'bubble!' on a market. It's the people that correctly predict when the bubble bursts that have any skill. Markets can stay irrational for a
by joosters 13y ago
Anyone can call out 'bubble!' on a market. It's the people that correctly predict when the bubble bursts that have any skill. Markets can stay irrational for a very long time...
- Nursie 13y agoThe last week was pretty obviously a market gone nuts, but you're right, calling the moment it will burst (if it ever does) would not be easy.
- joosters 13y agoIt's definitely nuts! I don't own any bitcoin, nor do I plan to, but I can't stop wishing that I bought some when they were worth pennies....
- Nursie 13y agoYou and me both :) It was always just a little bit too much effort somehow, and I always had a bit of a problem with the underlying economic assumptions. Ah well...