Hah, so I was a total housing bubble head in 2005 (though I was to naive to understand the debt instruments that would amplify it).
And I've been telling my economist spouse for over a year that passive investing boom is going to distort things (and they roll my eyes at me, b/c they hate it when I dabble in armchair economics).
That said, I believe much of tech is crazy over valued, but I think we are in a new paradigm since SO MUCH capital has flowed in private markets (NY Times article about "More Money Than We Ever Imagined" really shows this well). But I am far far from being proven right on that.
And I've been telling my economist spouse for over a year that passive investing boom is going to distort things (and they roll my eyes at me, b/c they hate it when I dabble in armchair economics).
That said, I believe much of tech is crazy over valued, but I think we are in a new paradigm since SO MUCH capital has flowed in private markets (NY Times article about "More Money Than We Ever Imagined" really shows this well). But I am far far from being proven right on that.