Or maybe they do. Do you think the millionaires made in 1998 and 1999 were freaked out in 2000? (Assuming they just deposited the money) What you can learn from a bubble: it comes, it bursts, and in the meanwhile, you can generate enough wealth that it's not an issue. Arguments about the effect of bubbles is a macroeconomic debate; decision to go for a big paycheck is a microeconomic one and only tangential.