> people always think everything is fine ... until it isn't
History is also replete with people constantly predicting collapses that don't come. Timing the market is very hard with numbers, it's total nonsense if one is just going off vibes.
Anthropic, SpaceX and OpenAI are not banks. (Also, we had the largest bank runs in American history three years ago. The ordinary American barely noticed.)
This is one of those arguments that is so vacuous you can apply it to anything and always be right.
> "There's no way you'll hurt yourself walking to the living room"
> "Read history: people always think everything is fine ... until it isn't."
And people are right most of the time. For every actual bubble, there are easily a dozen "bubbles" that aren't in fact bubbles.
> people always think everything is fine ... until it isn't
History is also replete with people constantly predicting collapses that don't come. Timing the market is very hard with numbers, it's total nonsense if one is just going off vibes.
Most bank runs tend to be driven by vibes, not numbers though.
The good news is that these folks seem to be in possession of a vibe-rator.
> bank runs
Anthropic, SpaceX and OpenAI are not banks. (Also, we had the largest bank runs in American history three years ago. The ordinary American barely noticed.)
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Nasdaq is 5.4x higher now than peak dotcom.
So just buy the dip if it actually crashes.