How To Spot Asset Bubbles and What To Do About Them (The Case of Cannabis)

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 17 October 2018

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

#226 What are the characteristics of an asset bubble and how to invest when one exists. Are cannabis stocks in a bubble? Thanks to Blinkist and Policy Genius for sponsoring this episode.

For show notes and more information on this episode click here.

[0:10] Is the cannabis industry in an asset bubble right now?
[4:41] Public conversation is often a sign of an asset bubble
[8:19] Hopeful assumptions are often what drive an asset bubble environment
[13:24] Tesla can be considered an example of a micro-bubble
[21:57] You can handle an asset bubble in a variety of ways

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Transcript

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0:00.0	Welcome to Money for the rest of us.
0:02.6	This is a personal financial on Money.
0:05.0	How it works, how to invest in how to live without worrying about it.
0:09.2	I'm your host David Stein.
0:10.8	Today is episode 226. It's titled How to Spot a Bubble
0:16.1	and What to Do About It.
0:18.3	Last month I got an email from Hayden and he was writing about cannabis investments.
0:25.0	He wrote, I began investing in CGC, that's Cannabis Growth Corporation,
0:31.0	back in June of this year at around $19 a share, and continued buying
0:35.4	through this week over time. It's now trading north of $50. Per the app
0:40.8	stockpile I've grossed a hundred and one percent return on my investment.
0:46.0	I have some other friends who are seeing high returns on cannabis investments.
0:51.0	My thought is now is a good time to take my winnings and not push my luck.
0:57.1	Do you think we're in a bubble?
0:59.4	Do you think there is still value in this market given the government's inching toward decriminalization?
1:07.1	I responded, as I do, when listeners ask for sort of more specific advice that I... well in this case I don't
1:17.1	know, I just didn't know. And if I did I let him know I couldn't tell him because I'm not a registered investment advisor.
1:25.9	So I'm not permitted to share my thoughts on a specific investment or investment strategy via
1:31.7	email.
1:33.8	And I kind of left it at that.
1:37.1	Last week though I was in New York City.
1:40.6	Happened to be at Dover Street Market to clothing store and the sales associate mentioned to me
	...

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