More or fewer bubbles in the future?
Posted in Google, Investment on Dec 9th, 2009
Well I think there will be more bubbles, not fewer bubbles in the future. The reason is that information market as what we have today tends to create bubbles. People get excited, they get over excited, they get too excited, prices go up, people get too much happens too quickly and of course all theses collapse as the truth comes out.
So I thick it’s incredibly important for people to recognize that we do need regulation in some of these markets. The financial markets are too easy to be manipulated by personal interests, special interests, people who are trying to make a buck, an unfair one.
- Eric Schmidt
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