It goes to show how there are few good alternatives to tried and true stocks, e.g. VOO/SPY/QQQ. Alternative investments intended as diversification often just end up lagging and being worse overall, and also highly illiquid in the case of art.
toomuchtodo•4mo ago
Not wrong, but important to note that the top ten companies in the S&P500 have been responsible for most of the growth since 2022 (with the bottom 490 companies flat) [1]. If art is deflating, crypto is deflating, US commercial real estate is approaching 2008 GFC crisis levels [2] [3] [4], and private equity is locked up because it is unable to exit at current "valuations" [5], this leads me to believe observed growth appears to be not grounded in fundamentals. We are an an Everything Bubble (imho) [6]. These valuations are fictional, but I cannot predict how or when this ends (either slowly, or all of a sudden).
toomuchtodo•4mo ago
Cryptocurrencies Sink as $1.5B in Bullish Bets Wiped Out - https://news.ycombinator.com/item?id=45333947 - September 2025
paulpauper•4mo ago
toomuchtodo•4mo ago
[1] https://news.ycombinator.com/item?id=44701637 (citations)
[2] https://www.reuters.com/press-releases/us-commercial-real-es...
[3] https://www.avemarialaw.edu/overview-of-the-impending/
[4] https://hbr.org/2024/07/u-s-commercial-real-estate-is-headed...
[5] https://news.ycombinator.com/item?id=44825303 (citations)
[6] https://en.wikipedia.org/wiki/Everything_bubble
bell-cot•4mo ago
https://en.wikipedia.org/wiki/File:Gold_price_in_USD.png