Hacker News new | ask | show | jobs
by esja 1306 days ago
The picture was always bleak. Cheap money and FOMO just stopped a lot of people seeing it.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” - Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds