Well-Behaved Bubbles Often Make History

The caveat upfront: This is from the media arm of an investment firm that has poured billions into tech and crypto startups, so they have billions of reasons to believe in the upside in the bubbles that just popped. That said, it’s an interesting perspective. Key sentences: «The right kind of bubble, at the right time, can exert a powerful positive effect on the world. […] The two things that kill a company during a bubble are excessive optimism, and the unwillingness to be sufficiently optimistic.»