This short transcript excerpt (from a video titled 'You Can Make A Model') discusses the role and persistence of economic bubbles. The speaker argues that although bubbles can lead to high prices and crashes harming late buyers, they also spur excitement, innovation, and participation (even if driven by FOMO), and the speaker doubts bubbles will disappear entirely.
Why bubbles are important, because you could almost consider them a negative thing because the price reaches high, 20 crashes. And of course, if you bought at the top and you sell at the bottom, you will have a bad experience of a bubble. But in general, there are moments of excitement, innovation, people get in. Even if it is based on fomo, it still has a role, right? But in the other argument with one could make is that I don't think they are going to disappear completely.
