Cryptocurrency frenzy points to it being one of history's biggest bubbles
Some may survive the inevitable bursting of this bubble and go on to do great things, like Amazon did. For now, it's just speculative mania.
Add BT as a preferred source
THE line "This time is different" has been used for centuries to justify a new way of looking at the world. One of the most famous investors of all time wrote that these four words are the most costly that one can utter.
This phrase is always used to justify a new way of looking at things, one that is seen as world-changing, and always accompanied by the expectation of a road to massive riches in a very short space of time.
Getting caught in the aftermath of the bursting of a bubble is by far the biggest cause of permanent loss to an investor's capital. Avoiding these events is critical to one's long-term financial well-being.
Copyright SPH Media. All rights reserved.
