Riding the bubble: Lessons from the inside
Markets are soaring, portfolios swelling, and everywhere you look — the air feels frothy. Having managed money through the dotcom boom and 2008, the lesson is clear: bubbles can last longer and climb higher than anyone expects.
In euphoric markets, the winners often become more concentrated and obvious — even if valuations feel absurd. The trick? Hold your nerve, ride the leaders, and be ready to pivot the moment the music stops.
Source: https://www.ft.com/content/5efd8714-e0cf-4d4b-961f-f3c5b3a4f16d
