While acknowledging being in a bubble the quote was "While the music is playing, you have to get up and dance".
By 1998, Yahoo was the beneficiary of a de facto Ponzi scheme. Investors were excited about the Internet. One reason they were excited was Yahoo's revenue growth. So they invested in new Internet startups. The startups then used the money to buy ads on Yahoo to get traffic. Which caused yet more revenue growth for Yahoo, and further convinced investors the Internet was worth investing in. When I realized this one day, sitting in my cubicle, I jumped up like Archimedes in his bathtub, except instead of "Eureka!" I was shouting "Sell!"
Это к вопросу о эпицикле Оракла-Нвидии.
Fixed this for anyone still not processing the bubble.
At the end of the day it's still all about timing the market, which is hard to impossible no matter the conditions.
jauntywundrkind•1h ago
zerosizedweasle•1h ago