Comment by burnte
14 hours ago
Irrational exuberance rarely transitions to a rational drawn down. The minute the first selfish-actor flood-liquidates, everyone else will too. That's now runs work.
14 hours ago
Irrational exuberance rarely transitions to a rational drawn down. The minute the first selfish-actor flood-liquidates, everyone else will too. That's now runs work.
but this isn't "irrational exuberance", literally everyone I know paying and kind of attention has "rational dread".
In my opinion the amount of money poured into these companies is the definition of irrational exuberance. And even if you want to call it dread, once they start to deflate people will panic and flee.
But where else will people put their money?
That's not the problem, the problem is when they take it out of these companies, where it goes after that is irrelevant. Once the exodus starts prices will plummet and lots of people will lose a lot of value.
Somewhere safe. Gold, usually.
That is a quote from Warren Buffett.
More: https://www.gurufocus.com/news/220058/seven-quotes-from-warr...
1 reply →
I heard daffodils are where it's at.
The source of your information requires more scrutiny.
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