[brownegg]

All true. Also been true for ~7 years, so maybe it doesn't matter much.

[toomuchtodo]

At some point, the balloon will get squeezed and all that money is going to rush elsewhere. I don't envy either part of the balloon.

[wmil]

But will it? The big lesson of 2009 was that ratings agencies aren't trustworthy and investment banks have no problem selling you junk investments.

The Dollar Shave Club looks like a prudent investment in comparison. Perhaps it's overvalued, but it's safe from outright fraud.