[bittercynic]

Yes, there are many stupid but widely believed projections.

.com boom is not a regular boom. It will rise forever!

Housing prices will always rise!

Ad-tech will grow boundlessly!

In my opinion one of the greatest tragedies of these cycles is that many people desperately want to believe they hype about "This time it's different", and they can find plenty of "experts" to tell them what they want to hear. Regular people who could have had a solid place in the middle class are thrown into chaos because they lack financial savvy.

Is it stupid to expose yourself to a level of risk that can cause this? I think so. However, it seems like we provide more and more opportunities for unsavvy people to do severe and long-term damage to themselves and their families.