View Single Post
Old 9th July 2020, 03:19 PM   #661
Join Date: Oct 2013
Posts: 9,487
Originally Posted by Mycroft View Post
A financial bubble is a significant increase in the price of an asset that does not reflect an increase in its true value. Bubbles are often based on a belief that the asset's price will continue to rise. People pay more because they expect to sell for more. This conviction pushes up prices even more

The definition seems to fit regardless of how long the bubble lasts.
Buffet and Munger say something similar.

Rat poison.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top