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<p>[QUOTE=&quot;Juan Blanco, post: 1586186, member: 41665&quot;]Why? Because the market moved higher four months later? Silly to pat yourself on the back for being too early. And still (so far as I can see) wrong.</p><p><br /></p><p>Is THAT why you keep harping on the Bubble that you and so many Paper-Bugs imagine? To feel vindicated (&quot;....at last!&quot; say, 10 years later?) that you were &quot;right&quot;? </p><p>Sorry: I don&#039;t see that and I don&#039;t agree. It&#039;s not &quot;lying&quot; to state the obvious - you <u>are</u> a nasty piece of work, though.</p><p><br /></p><p><br /></p><p><br /></p><p>Oh really? Who made this equation (2/9/2012) then? </p><p><br /></p><p>&quot;The second major category of {dangerous} investments involves assets that will never produce anything, but that are purchased in the buyer&#039;s hope that someone else -- who also knows that the assets will be forever unproductive -- will pay more for them in the future. Tulips, of all things, briefly became a favorite of such buyers in the 17th century.</p><p><br /></p><p><b>This type of investment requires an expanding pool of buyers, who, in turn, are enticed because they believe the buying pool will expand still further. Owners are <i>not</i> inspired by what the asset itself can produce -- it will remain lifeless forever -- but rather by the belief that others will desire it even more avidly in the future</b>.</p><p><br /></p><p><b>The major asset in this category is gold</b>...&quot; </p><p><br /></p><p>Since you&#039;re so uninformed, here&#039;s a fine piece dismantling Buffett&#039;s Bubble/Greater Fool Theory about Gold. Read up! </p><p><a href="http://advisoranalyst.com/glablog/tag/greater-fool-theory/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://advisoranalyst.com/glablog/tag/greater-fool-theory/" rel="nofollow">http://advisoranalyst.com/glablog/tag/greater-fool-theory/</a>[/QUOTE]</p><p><br /></p>

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