Historically, the big bubbles have lasted approximately five years before the bubble pops in spectacular fashion, and we’re in year four. On the one hand, it’s a little fascinating how this isn’t the 1900’s or 1800’s and the AI boom seems to be following the same script. That said, no one can predict the future and we’ve seen the US government make three trillion appear out of thin air overnight just six years ago, so this is at least a little different and one has to make the best decisions for oneself regarding the bubble.
I personally have a portion of my investments set aside in cash right now, because buying into oil stocks at 90% off in March 2020 (which historically drop precipitously in a bubble pop because people cut out travel straightaway) and then waiting two years made me enough to pay off my student loans and put a down payment on my home. Not ‘fuck you’ money, but life-changing. I have the patience to do it again.
It is always a little adorable when some ‘holier-than-thou’ type gives me shit about it, like my paltry $3000 moved the needle in any meaningful way regarding oil policy and consumption.
Historically, the big bubbles have lasted approximately five years before the bubble pops in spectacular fashion, and we’re in year four. On the one hand, it’s a little fascinating how this isn’t the 1900’s or 1800’s and the AI boom seems to be following the same script. That said, no one can predict the future and we’ve seen the US government make three trillion appear out of thin air overnight just six years ago, so this is at least a little different and one has to make the best decisions for oneself regarding the bubble.
I personally have a portion of my investments set aside in cash right now, because buying into oil stocks at 90% off in March 2020 (which historically drop precipitously in a bubble pop because people cut out travel straightaway) and then waiting two years made me enough to pay off my student loans and put a down payment on my home. Not ‘fuck you’ money, but life-changing. I have the patience to do it again.
Year four? Feels like year 7 or 8
Inb4 comments complaining about inventing in oil
It is always a little adorable when some ‘holier-than-thou’ type gives me shit about it, like my paltry $3000 moved the needle in any meaningful way regarding oil policy and consumption.