Re:Well-behaved bubbles often make history
by nradov on Tuesday June 15, 2021 @09:49PM
(#27524003)
There's nothing wrong with speculating using other people's money as long as you're honest about it. Most mutual funds operate that way.
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Do mutual fund investors accept that their money is on the line? As the saying goes, a financial crisis is when someone loses money and it's socially unacceptable for them to not be paid back. So perhaps a bubble is when you speculate with money that it would not be socially acceptable to lose.