I Became the Youngest Daughter of a Chaebol Family

A bubble, at its core, is made of irrationality and rationality. You could say they’re two sides of the same coin.

When stock prices keep rising, people start thinking that’s just how things are—and they try to justify it somehow.

“This is the beginning of a new era,” “It can easily double from here,” “I don’t really get it, but there must be something behind it,” or “Yeah, sure, it’s a bubble, but I’ll get out right before it bursts...”

Especially that last type. They’re the worst.

You know the saying: Buy when there’s fear, sell when there’s euphoria. Some people misinterpret that and try to sell at the peak of the bubble, thinking they can buy again at the bottom.

But reality isn’t that kind. People who say they’ll invest like Buffett think fear hits all at once.

But it doesn’t. Usually, they buy around the third “oooh” in “goooooong-pooooor” (fear), then panic and sell around the “po” part.

And of course, right after they sell, prices go back up.

“....”

Ugh. Bad memories are bubbling up again...

I wasn’t ordinary—I got it right a few times, too. So how did I mess up the last time?

“Miss, why is your face so pale? What are you thinking about?”