Are We in a Bubble?

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The speed that it's moving, especially considering it's literally tens to billions dollars, another signal to me was the nft market. On some trading platforms, you can trade at 75 to a hundred x leverage, which is just absolutely insane when you have that much leverage pumping into a system. The last point on crypto that i'll mention, and i don't have stats round this, but there's a lot of leverage in the system. But i would just say it's fun to get involved in the meams. It's like cool to see the lazer eyes. Like, there's this whole culture around things. And if you look back ten years and there truly was like a

At a time where several asset classes are at all-time highs, there's a lot of talk about whether we're in a bubble. That, coupled with crypto assets falling to ~half of their highs, prompted Cal and Steph to dive in to try to answer this question.

In this episode, they discuss the markings of past bubbles, the innovation hype cycle, the difficulty in profiting from nascent innovations, the importance of educating yourself and building your own conviction behind your decisions, managing your psychology (offense vs defense), the cyclical nature of market cycles, and of course... the burning question of whether they think we're in a bubble today.

They also share how they've fared in crypto and how they're thinking about investing moving forward (including Cal's foray into de-fi)

Recommended resources include the books "The Simple Path to Wealth" and "A Random Walk Down Wallstreet", as well as economic indicators like the Shiller PE ratio: https://www.multpl.com/shiller-pe

*** NOT FINANCIAL ADVICE *** :)