A quote on bubbles

If bubbles were as easy to identify as many seem to think, investors would never get caught up in them.

— Firefighting, by Ben S. Bernanke, Henry M. Paulson, and Timothy Geithner

Are we in an AI bubble, or even a Musk bubble? Probably.

Are investors caught up in it because they genuinely believe it isn’t a bubble, or because they think they can time it better than anyone else?