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I think the strongest indication that there is a bubble is all the Smart People nervously chattering about there not being a bubble.

username223 12y ago
Pretty much: > Editor’s note: Bill Maris is president and managing partner at Google Ventures. Hold onto your wallet. Wall Streeters are moving to tech[1], as are retirement fund managers[2]. Bubbles only work as long as the Smart Money can profit by selling to more fools. [1] http://www.nytimes.com/2015/03/25/technology/ruth-porat-google-morgan-stanley.html http://www.nytimes.com/2015/03/25/technology/ruth-porat-goog... [2] http://bits.blogs.nytimes.com/2015/03/23/daily-report-private-tech-stocks-attracting-billions-from-big-money-managers/ http://bits.blogs.nytimes.com/2015/03/23/daily-report-privat...
- vskarine 12y ago
  Silicon Valley is the new Wall Street
  - adventured 12y ago
    And before it was the new Wall Street in 2015, it was once before the new Wall Street circa 1999, the Frank Quattrone era.
  - rayiner 12y ago
    Where do you think the money for VC funds historically came from? It's probably less Wall Street these days now that there is so much home-grown cash (Google Ventures being an example).
saryant 12y ago
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffett
- WalterSear 12y ago
  So what do you do when people are gathering here to be fearful because others are being greedy?
  - copsarebastards 12y ago
    "I don't invest in markets I don't understand." --Warren Buffet
lbrandy 12y ago
It's weird how this justification for "look a bubble!" has been consistently voted to the top of HN for its entire existence. Smart people have been chatting about their being or not being a bubble longer than Hacker News has been a thing. > Is 'Web 2.0' Another Bubble? (2006) [1] http://www.wsj.com/articles/SB116679843912957776 http://www.wsj.com/articles/SB116679843912957776
- ForHackernews 12y ago
  Just because something is a long-lasting bubble doesn't meant it's not a bubble. The housing bubble lasted what, the better part of two decades?
  - tracker1 12y ago
    I would say for most areas it was less than half a decade. I can't think of many sections of an economy that can see greater than 20% year over year growth for more than 5 years without repercussions... Without corresponding growth in other areas to compensate, it's just not sustainable.

username223 12y ago

Pretty much: > Editor’s note: Bill Maris is president and managing partner at Google Ventures. Hold onto your wallet. Wall Streeters are moving to tech[1], as are retirement fund managers[2]. Bubbles only work as long as the Smart Money can profit by selling to more fools. [1] http://www.nytimes.com/2015/03/25/technology/ruth-porat-google-morgan-stanley.html http://www.nytimes.com/2015/03/25/technology/ruth-porat-goog... [2] http://bits.blogs.nytimes.com/2015/03/23/daily-report-private-tech-stocks-attracting-billions-from-big-money-managers/ http://bits.blogs.nytimes.com/2015/03/23/daily-report-privat...

vskarine 12y ago
Silicon Valley is the new Wall Street
- adventured 12y ago
  And before it was the new Wall Street in 2015, it was once before the new Wall Street circa 1999, the Frank Quattrone era.
- rayiner 12y ago
  Where do you think the money for VC funds historically came from? It's probably less Wall Street these days now that there is so much home-grown cash (Google Ventures being an example).

saryant 12y ago

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffett

WalterSear 12y ago
So what do you do when people are gathering here to be fearful because others are being greedy?
- copsarebastards 12y ago
  "I don't invest in markets I don't understand." --Warren Buffet

lbrandy 12y ago

It's weird how this justification for "look a bubble!" has been consistently voted to the top of HN for its entire existence. Smart people have been chatting about their being or not being a bubble longer than Hacker News has been a thing. > Is 'Web 2.0' Another Bubble? (2006) [1] http://www.wsj.com/articles/SB116679843912957776 http://www.wsj.com/articles/SB116679843912957776

ForHackernews 12y ago
Just because something is a long-lasting bubble doesn't meant it's not a bubble. The housing bubble lasted what, the better part of two decades?
- tracker1 12y ago
  I would say for most areas it was less than half a decade. I can't think of many sections of an economy that can see greater than 20% year over year growth for more than 5 years without repercussions... Without corresponding growth in other areas to compensate, it's just not sustainable.