Sign No. 3: confident consumption4 of 8Pride goes before a fall, and hubris is always involved in bubbles. Conspicuous consumption and overconfidence go hand in hand."Generally, this overconfidence manifests itself in world records -- for instance, in prices of art and wine or even the world's tallest skyscraper," says Mansharamani.Technological innovations can also impel investors to believe that this time is different, that the world is fundamentally changed and a new era is underway.« Back to Investing new economy. Related Articles:Investor lingo to knowHow to analyze a portfolioConvert your 401(k)5 bad financial decisionsRelated Links:Are bonds a safe haven?Build a stock portfolio6 experts' money blunders7 investing mistakes advertisement
Pride goes before a fall, and hubris is always involved in bubbles. Conspicuous consumption and overconfidence go hand in hand.
"Generally, this overconfidence manifests itself in world records -- for instance, in prices of art and wine or even the world's tallest skyscraper," says Mansharamani.
Technological innovations can also impel investors to believe that this time is different, that the world is fundamentally changed and a new era is underway.
