If you know nothing else about a bubble, know this:
“Assets whose prices more than double over one to three years are twice as likely to double again in the same time frame as they are to lose more than half their value.”
This comes from Yale’s William Goetzmann (via Vanguard). In a paper called Bubble Investing: Learning From History, he said:
“The chances that a market gave back its gains following a dou…
“Assets whose prices more than double over one to three years are twice as likely to double again in the same time frame as they are to lose more than half their value.”
This comes from Yale’s William Goetzmann (via Vanguard). In a paper called Bubble Investing: Learning From History, he said:
“The chances that a market gave back its gains following a dou…
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