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This is what I mean by irrational

AustinContrarian  Tue, 12/23/2008 - 6:47pm

A bubble exists when people are paying prices that make no sense. ??"No sense" as in, "There's no way in hell that this asset will ever generate enough income to pay them back."

Here's??a nice illustration.??



 

This is what I mean by irrational

AustinContrarian  Tue, 12/23/2008 - 6:47pm

A bubble exists when people are paying prices that make no sense.  "No sense" as in, "There's no way in hell that this asset will ever generate enough income to pay them back."

Here's a nice illustration. 



 

This is what I mean by irrational

AustinContrarian  Tue, 12/23/2008 - 2:44pm

A bubble exists when people are paying prices that make no sense.  "No sense" as in, "There's no way in hell that this asset will ever generate enough income to pay them back."