re: I took it up the Hershey Highway today

Oftentimes we see people trade on the notion that they can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.

We saw it in tulips, the dot com period, meme stocks, bitcoin, and beenie babies.

It’s the hope that there is always someone else out willing to pay an even higher price for things that have zero or very little intrinsic value