Immobilien und Hypoport sagen würde:
"Buffett explained how bubbles form:
“Like most trends, at the beginning it’s driven fundamentals, and at some point, speculation takes over. The fundamentals cause something that people looked at for years without getting excited about. Fundamentals change the picture in some way...It’s that old story of what the wise man does in the beginning, the fool does in the end.
And with any asset class that has a big move that’s based initially on fundamentals is going to attract speculative participation at some point, and that speculative participation can become dominant as time goes by.”
www.gurufocus.com/news/968851
"Buffett explained how bubbles form:
“Like most trends, at the beginning it’s driven fundamentals, and at some point, speculation takes over. The fundamentals cause something that people looked at for years without getting excited about. Fundamentals change the picture in some way...It’s that old story of what the wise man does in the beginning, the fool does in the end.
And with any asset class that has a big move that’s based initially on fundamentals is going to attract speculative participation at some point, and that speculative participation can become dominant as time goes by.”
www.gurufocus.com/news/968851