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Dan spent 50k words missing the forest for the trees People had been calling a housing bubble since 2003. You quite literally need the market to do dumb things
by wonnage 1d ago
Dan spent 50k words missing the forest for the trees
People had been calling a housing bubble since 2003. You quite literally need the market to do dumb things over a period of time before the bubble pops. Otherwise it’s not a bubble!
Actually making money on a bubble pop is another story and that does rely on timing. pointing at a history of failed market predictions as a gotcha is about as effective now as it would’ve been in 2003-2007 right up until the bubble popped
Right now it’s painfully obvious that there is a bubble, the circular financing is documented, the hype-driven valuations are real, it’s just a waiting game to see who holds the bag