Market bubbles are also on our list of the difficulties that investors
will have to grapple with in the years ahead. Newborn
bubbles are not bad, of course. They are just strong trends, surges
in consensus opinion that can be a great thing for investors who
are quick enough to take advantage of them. But no investor who
lived through the end of the preceding century and the beginning
of this one needs a lesson in the damage bubbles can do when
they blow up and then burst.
will have to grapple with in the years ahead. Newborn
bubbles are not bad, of course. They are just strong trends, surges
in consensus opinion that can be a great thing for investors who
are quick enough to take advantage of them. But no investor who
lived through the end of the preceding century and the beginning
of this one needs a lesson in the damage bubbles can do when
they blow up and then burst.
No comments:
Post a Comment