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Well, I can scratch him off my list of insightful individuals. I don't know what it is with "success" but it seems to really mess with your mind. I wonder if it
by wahsd 12y ago
Well, I can scratch him off my list of insightful individuals. I don't know what it is with "success" but it seems to really mess with your mind. I wonder if it's that certain types of "successful" people live in a bubble where everyone is agreeing, cajoling, and otherwise brown-nosing that you start losing touch with reality and cannot think clearly.
To say that a bubble cannot be a bubble because the "broader public is not involved" is just flat out stupid. Sure, it's the last stage of a bubble, the defraud the general public stage where the crooks gather up all the money and run for the getaway car, but it's still a bubble.
- prostoalex 12y agoThen we have hundreds of thousands bubbles happening on the daily basis. Tons of people invest in real estate, and when those projects miss projections, some money (or opportunity cost) is lost. A relatively small loss or returns below expectations does not a bubble make.