Thank you so much for the compliment.

If I knew which asset class was next, I would be omniscient. Right now I think we’re still in a deflationary stage of the economy. But when things heat up again, who knows? Green stuff? Housing again? You’ll know when it happens.

One comment on your sentence “each generation must learn this lesson on their own”; I think Americans did not learn from the IT bubble, and several years later, they made the same mistake on the housing bubble. Believe it is not their experience which prevails, but easy credit pushs people to overinvest. My question is; under current easy credit, which asset class (commodities or food products for example) is exposed to the bubble next?