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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,757
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Quote:
Originally Posted by legion
An asset bubble can persist much longer than most rational people think possible. I saw it with the first dot-coms, I saw it with housing. This is no different. To know that the company will fail is much different than knowing when it will fail. I wouldn't take a short position in Tesla because there is a lot of crap that can happen before it finally goes under.
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You should foot note John Maynard Keynes for the real quote about markets staying irrational longer than you can stay liquid.
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