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 TrapExcess Returns
Created: 8/11/2026, 8:01:35 AM

My Notes

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