Bubbles are driven by people piling into ideas now, that they think will make them lots and lots of money in the future. The more people that pile in, the more quickly innovation can spread… But if the capital is misallocated? then when the money meets common sense, you get a bust.
Bob Swarup — Bubbles are driven by people piling into ideas now, that the
Bubbles are driven by people piling into ideas now, that they think will make them lots and lots of money in the future. The more people that pile in, the more quickly innovation can spread… But if the capital is…