"I think we don't have enough investment vehicles for rich people and so the lack of supply has driven up prices"
I think there's a strong correlation between the end of the recent Housing Bubble, and the start/ramp-up of all these $Billion tech companies.
I think you're right that rich people need to put their money somewhere, whether that makes this surge in tech valuations a bubble, I'm not sure, I sincerely hope not; but I am fearfull of when the "rich money" starts looking for greener pastures...
If memory serves, the only reason the Housing Bubble happened in the first place was because of the end of the "web 1.0" tech bubble.
I think there's a strong correlation between the end of the recent Housing Bubble, and the start/ramp-up of all these $Billion tech companies.
I think you're right that rich people need to put their money somewhere, whether that makes this surge in tech valuations a bubble, I'm not sure, I sincerely hope not; but I am fearfull of when the "rich money" starts looking for greener pastures...
If memory serves, the only reason the Housing Bubble happened in the first place was because of the end of the "web 1.0" tech bubble.
Is history repeating itself?