@pmarca @paulbaumgart playing the devil's advocate, is there not a consensus in the VC community that there is in fact no bubble?
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Replying to @gregfintech
@gregpmichel
@pmarca I don't think you can get true bubbles among professional investors. Bubbles need underinformed "fear of missing out."1 reply 0 retweets 1 like -
Replying to @paulbaumgart
@paulbaumgart@pmarca being a professional investor doesn't mean you're informed and fomo is ubiquitous.1 reply 0 retweets 2 likes
Replying to @gregfintech
@gregpmichel @pmarca There's mounting evidence that experts are able to offset their irrational tendencies, e.g. http://users.nber.org/~rosenbla/econ311/syllabus/listendowmenteffect.pdf …
3:10 PM - 6 May 2014
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