bubble-surfing

afx

Senior Member
slovak
Hi,

In the Stealing the Network - How to Own a Continent book there is a situation, where a man describes how he got his starting capital and following sentence is used:

Due to some impressive bubble-surfing, my share of the buyout netted me 7.2 million US.

I would like to ask what is a bubble-surfing?

Thanks a lot for answer.
 
  • Biffo

    Senior Member
    English - England
    This presumably refers to an economic bubble.

    economic bubble


    An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania or a balloon) is "trade in high volumes at prices that are considerably at variance with intrinsic values".[1][2][3] It could also be described as a situation in which asset prices appear to be based on implausible or inconsistent views about the future
    http://en.wikipedia.org/wiki/Economic_bubble


    He had made money from a series of risky investments.

    (cross-posted)
     
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