(Yes, there are some specific circumstances triggering each recent bubble -- dotcom bust in 2001, real-estate bubble in 2008, and the blitzscale investing/valuation/crypto bubble in 2021 -- but in retrospect, humanoids appear prone to irrational exuberance)
Why do asset bubbles keep recurring?
(Yes, there are some specific circumstances triggering each recent bubble -- dotcom bust in 2001, real-estate bubble in 2008, and the blitzscale investing/valuation/crypto bubble in 2021 -- but in retrospect, humanoids appear prone to irrational exuberance)