Re:Well-behaved bubbles often make history
by nicoburns on Wednesday June 16, 2021 @04:39AM
(#27526284)
I think the lesson learned is that the system is setup to encourage this kind of bandwagon investment. For example, all the people who are buying houses as a vehicle towards financial security: completely rational within the confines of the system we have. But causing huge problems, and therefore something that shouldn't be incentivised.
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I'm seeing it in the sense of gambling: I buy when I think it's going to go up, you sell because you think it's going to go down (stocks), but people don't think, they just get excited, bubble happens, then we get a small minority winning big and the majority losing.