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  5. But to value every company as if they are the next Google,...

But to value every company as if they are the next Google, rather than valuing them all as if one of them might be, is pretty much the definition of a bubble.

Tim Worstall
Google, Definitions, Might
But to value every company as if they are the next Google, rather than valuing them all as if one of them might be, is pretty much the definition of a bubble.