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0 pointsalvah1y ago0 comments

Spotting bubbles and predicting they will burst at some point is not a particularly useful skill. Housing in Amsterdam was in a bubble for 37 years in the 1700s; identifying the bubble early on would have been completely pointless.

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ksynwa1y ago

So what should one do when one notices a bubble?

alvahOP1y ago

If I had a reliable / repeatable answer to that question, my net worth would be a very large multiple of what it currently is!

automatic61311y ago

And a Nobel prize in economics to your name!

rcxdude1y ago

Try not to be caught up in it, even if you feel a lot of FOMO as it lasts longer than you expect.

rsynnott1y ago

Sure, but predicting when an economic bubble will burst with any accuracy is virtually impossible.

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