there is one financial bubble and it is purely about unsustainable investment, as that is what defines a bubble. Like when they started throwing cash at the pet food company pets.com because it had pets.com even though they were shipping pet food and selling it below cost… These companies are just doing bad business and surviving because people throw money at them hoping to get in on the action.

It’s like if you had some uncle who drove a fancy car and said he had some big business k idea and he was going to make the family rich, and your dad and grandma started giving him their life savings as an investment, but you knew there was no business, he leased that car, and he lost most of it gambling and continued to gamble.

At some point no matter how much hype he generates, your grandma and dad run out of money, and the entrepreneur ends up in debt.

There are companies right now with sound business plans, and then there are OpenAI’s which sell their service below cost and wouldn’t be able to keep the doors open if investors stopped investing. WebVan closed their doors the day the dot com bubble popped because they literally couldnt pay payroll anymore. One day similar will happen and some companies will collapse.

One will be the next Amazon, the survivor that proved it had a sound business, and everyone is hoping they invested in the next Amazon. But tons of people right now are investing in the next WebVan or Pets.com, which might have been good ideas but too much too soon.