[heisgone]

He was wrong about the timing of the bubble popping and might well still be too early, as passive investing might allow for the market to keep inflating for many years to come. Mike Green explaining it better, about how mathematically, there is an inflexion point where if x% of investment is passive, it could make the whole system unstable (I don't remember the specific number) and crash, but until then, it will keep rising.

[panarky]

"As long as the music is playing, you've got to get up and dance."