Chudson's Personal Musings and Observations, The problem is that a lot of investors in 2007...

The problem is that a lot of investors in 2007 knew the markets were overheated, yet were confident they could get out in time. And we know how that movie ended.

“

—

Roubini v. Gross on Outlook for 2010 « naked capitalism

This sentiment was pervasive during the dot com bubble too. I guess that means one CAN identify bubbles before they pop.

(via jryu)

Rafer sez:
It’s easy to tell when there’s a bubble, but not when it’ll end. Market timing (top or bottom) doesn’t work. It was part of the calculus around selling MyBlogLog in early 2007.

Buy Low, Sell Early.

(via rafer)

chudson reblogged this from rafer
rafer reblogged this from jryu
jryu posted this