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3x in my life I knew there was a bubble:
1) During the dotcom boom, when my uncle asked me if XML was the next Linux.
2) When I got pre-approved for a $600k loan which I could in no way afford, and was told if I wanted to borrow more, wanted to make zero down payment, or had no documentation to back up my income - those could all be worked out.
3) When Dennis Rodman wore a Potcoin hat to N. Korea.
Now having said that, the bubble could grow 10x more. But it will pop one of these days, and it will be ugly.
"This time it's different" - the most dangerous 4 words in investing.
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