I'm going to opine about the stock-market and crypto bubbles, so here are some things you might want to know about me...
," the historian John Kenneth Galbraith observes that speculators in bubbles usually fall into one of two camps. The first camp believes that the wild price appreciation is not a temporary"bubble" but a permanent change in the way certain assets are valued . The second camp believes that itIn the late 1990s, I was between these two camps.
Given these risks, I recommended that even aggressive investors only invest a small percentage of their portfolios in internet stocks and hold them for the long haul. I rated almost every stock I covered"High Risk." And I put my money where my mouth was: I bought and held Amazon, AOL, Yahoo, and other tech stocks. So when the bubble burst, I, too, got obliterated.
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