Here’s the thing about bubbles - when people believe that collapse is imminent, they hold back and don’t dive in. It is only when the overwhelming majority believe that this new thing can’t lose, is going to change the world, and that we are in a “new paradigm” where the old rules don’t matter, that the bubble has peaked and collapse is imminent. We’ve probably got another year or so before collapse. Too many people are still skeptical.

Right up there with “Don’t be evil.”