Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
air basis bubble
George Soros
These are some quotes by Hungarian author George Soros Businessman, who was born on August 12, 1930.
Quotes by George Soros
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My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.