alt Hacker NewsTrends don't go on forever, but the market can stay irrational longer than you can stay solvent. There's no good rule of thumb for this, other than maybe the Lindy effect.
Trends don't go on forever, but the market can stay irrational longer than you can stay solvent. There's no good rule of thumb for this, other than maybe the Lindy effect.
I won’t presume to time it, but at this point I think anyone can see what’s coming. It’s precisely because it can’t be timed that a sane person should stand well clear.