Shopify Stock Is More Expensive Than Amazon Ever Was
"You can get in a whole lot more trouble in investing with a sound premise than with a false premise."
Those words come from a 2010 interview with Warren Buffett regarding the origins of the housing bubble and financial crisis. In that case, the sound premise that formed the foundation of the bubble was that home prices generally rise over time. That premise morphed into "home prices can only rise over time," which was reinforced by years of rapid price growth. It didn't end well.
Buffett also discussed the dot-com bubble of the late 1990s:
Source Fool.com
