It is relatively easy to identify when you are in a speculative bubble (most observers in 1990s correctly identified tech bubble as a bubble), but it is extremely difficult to predict when the bubble will end or reverse, making timing bubble collapses nearly impossible.

factualpending

Speaker

Dan Rasmussen

Evidence Quote

“I think everyone who said that we were in a tech bubble in the '90s was right. They were installed too early [48:14]”

Source

The Bubble No One Can Sell | Dan Rasmussen on the Private Equity Trap— Excess Returns
Created: 8/11/2026, 8:01:35 AM

My Notes

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