Dumb Ideas Die Pretty Quickly One Final Internet-Bubble Lesson

The Logical Impossibility of a Bubble

A bubble is a logical impossibility, when people are investing on a premise that not only won’t happen, it can’t happen. The tech bubble in 2000 wasn’t because stock prices were high, it was because stock prices incorporated the belief that many companies in the same industry were all going to have 20% market shares and high margins. That can’t happen.
Source: http://www.valueinvestorinsight.com/
Tags: activism, bubble