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Yes exactly the same as during the Dot com bubble.
by gedy 20d ago
Yes exactly the same as during the Dot com bubble.
- PaulHoule 20d agoNotably a lot of those companies went down, a lot of investors lost money, but the internet and e-commerce proved to be just as big as people expected back then, maybe even bigger.
- gedy 20d agoYes I that was in reply to OP making similar point about AI
- oliculipolicula 20d agoAlmost, but not quite. Consider https://www.ft.com/content/6f3ada65-c56c-499c-8eb6-008fac58949d https://www.ft.com/content/6f3ada65-c56c-499c-8eb6-008fac589... I hate to say it, but the reality (AI, today) might be closest to PG's "intuition",to wit, it doesn't pay to be left of center-right For "previous bubbles", I have a different, apolitical,take
- Supermancho 20d agoHaving lived to adulthood before Amazon started, I remember the massive debt to profit ratio of many dotcom companies. Most importantly, I stick to Amazon's lesson: Sometimes, it's not about who's first. The winner can be determined by who's left.