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Speculative Bubbles in the 21st Century & Asymmetric Upside
Since bubbles are temporary phenomena with powerful long-term effects, you should fear missing out. Financial FOMO at its worst is the desire to make easy money at the expense of less well-informed people. But at its best, FOMO is the nagging suspicion that someone is building the future, and it could be you.
Byrne Hobart • Boom: Bubbles and the End of Stagnation
Looking ahead, the wealth divide will likely accelerate and today’s social tensions must inevitably rise. But, much like in 1920s Germany when hyper-inflation savaged the post-WW1 economy, there was also a widening split between young (stock speculators) and old (bond investors). In today’s monetary inflation World, many young (crypto investors) ar... See more