Over the weekend, my niece asked me what I thought the next "bubble" would be for the next "Big Short." That bubble, simply put, is undisciplined passive investing. There is no intelligible reason the public markets should even respond to interest rate hikes. I will concede that a 9% interest rate hike, in this day and age, would likely cause massive volatility, as it would not have been expected by anyone. Sure, most people will tell you value investing is dead, but those are the ones who are afraid their undisciplined bubble is just ready to burst.

Source: Forbes April 20, 2023 00:02 UTC