But I really did not mean to trumpet my own investment strategy. What is interesting to me about the article is its assertion that bubbles are inevitable cycles of capitalism, and every participant are acting fairly rationally in his/her “irrational exuberance.”

I suppose a crafty investor can (and have) win big by betting against the herd, but for the majority it simply is not possible due to human nature.

Too bad when the next big bubble comes I’ll probably be long dead (or near death) to profit from the knowledge. Do hope to pass it on to my kids though.