2007-01-26 10:50:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Warren Buffett.
The value investors were SCREAMING it the whole time. If you stick to the fundamentals then you will smooth out the peaks and valleys... but whats the fun in that?!?
2007-01-26 10:55:37 · answer #1 · answered by sdmike 5 · 0⤊ 0⤋
Sorry, Greenspan's "irrational exhuberence" speech preceeded the crash by several years. He actually did nothing to stop the bubble. What he should have done was increased margin requirements, which would have stopped the bubble before it grew out of control.
I think everyone knew the bubble was going to burst. But many held on, as for years, the "greater fools" kept piling into the market. As long as they had someone even dumber to sell to, they stayed. Those who stayed to long ended up with nothing.
2007-01-26 23:21:19 · answer #2 · answered by anywherebuttexas 6 · 0⤊ 0⤋
Almost everybody who was not an idiot. But no one knew how far the bubble would inflate or when it would burst.
2007-01-26 19:18:20 · answer #3 · answered by NC 7 · 0⤊ 0⤋
Most everyone knows a bubble will burst, but few know when it will actually happen.
2007-01-26 18:59:03 · answer #4 · answered by hebb 6 · 0⤊ 0⤋
Alan Greenspan
... hence his spewing the term "Irrational exuberance"... which brought on the downdall.
2007-01-26 19:25:39 · answer #5 · answered by Peaches 4 · 0⤊ 1⤋