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If the definition of a bubble is when people are knowingly making bad investments and counting on a greater fool, then if there is zero liquidity then that pret
by Alex3917 12y ago
If the definition of a bubble is when people are knowingly making bad investments and counting on a greater fool, then if there is zero liquidity then that pretty much means that we can't be in a bubble.
- notahacker 12y agoHe seems to be defining it a bubble as a category investment opportunities so overhyped that even people who don't understand liquidity pile in thinking they'll get a return, which isn't such a terrible definition. Though he doesn't help his argument by suggesting that well-networked angels are in the same category as equity crowdfunders pumping money into an idea and a 2 minute pitch video.