“A bubble is a bull market in which you don’t have a position.”blog

Sharing the Best quotes on the question of Financial Bubble:

Justin Fox, “Bubbles arise if the price far exceeds the asset’s fundamental value, to the point that no plausible future income scenario can justify the price.” (HBR)

Jason Zweig, “Another sign to watch for: In every bubble, there are always people trying to burst it by declaring that financial assets have become overvalued. At first, Prof. Goetzmann says, such skeptics  earn respectful attention. But eventually, investors turn on them with anger and ridicule.”(WSJ)  Continue reading

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