Comment by yieldcrv
4 days ago
beanie babies were rational, there was a supply constriction that seemed permanent, the founder resolved it and flooded the market, leaving bagholders and decades of mockery
but I would content it was not an example of irrational exuberance
labubu’s are part of a flooded market as well, but there was never anything to suggest it wouldnt be flooded only an expectation for demand to keep up longer than just half of this year
Beanie Babies were irrational because it is irrational to go into a collector craze over stuffed animals
unless more people want them than exist
No, because wanting them is an artificially engineered, irrational thing based on their hype not their value
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