Same here. I'd have friends in the investment industry ask me about some new IPO or another. "I can't tell you what these guys do." Still, they'd pour money int

Same here. I'd have friends in the investment industry ask me about some new IPO or another. "I can't tell you what these guys do." Still, they'd pour money into them. Even worse was pouring money into things like Nortel after the crash was well under way. People just chased it to the bottom. Edit: I thought I'd add that even in a bloodbath like 2001, not everything tanked. The (tiny) company I was with continued to grow in revenue. We weren't doing anything glamourous, just focusing on business value. No IPOs, although some folks were trying to push us that way in the late 90's.