sometimes I wonder how investors and business owners can put so much money and effort into things that seem so obviously impossible to profit from. stock price keeps rising and rising, it seems so obvious the bubble’s about to pop, no sign of profit in sight and everyone keeps investing more and more… Why
And then I remind myself that there are numerous simple children’s games that involve an activity that’s inevitably going to end– when the music stops, when the block tower falls– and the objective is just for it not to be your turn when that happens
and i think sometimes investing in an obviously doomed bubble is like that
about being the one who pulls out with all the money right before it pops
not about building something profitable. Just about playing chicken with the economy.