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#47: David Hay On Balancing Risk Management With Timely Opportunism

Superinvestors and the Art of Worldly Wisdom

CHAPTER

Bitcoin as a Bubble

The impetus to take the money in the run, it's just too strong for a lot of these things. We've seen it in so many different areas, whether it's SPACs where they don't have a real product. I think there's obviously been a number of guilty parties in what's happened to this country over the last 20 years. The 1990s was a true economic boom. It wasn't a boom, you know, with fake money. You had moderate, moderate Republicans, moderate Democrats.

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