Comment by overfeed
12 hours ago
> There is no reason these companies, even if massively overvalued, have to "pop."
This is a wild thing say without any qualification.
12 hours ago
> There is no reason these companies, even if massively overvalued, have to "pop."
This is a wild thing say without any qualification.
> This is a wild thing say without any qualification
It’s really not. Bubbles are notable because most elevated asset prices slowly go down. And they have common characteristics that force the reckoning. Usually debt. Sometimes operational leverage.