5 ms·

> in the 90's..the growth was finite, but there is no limit to Facebook, Google and Amazon. "This time, it's different."

by akavi 10y ago

MicroBerto 10y ago
Reminds me of the phrase, "When your barber starts giving you stock tips, it's time to sell"
- RileyKyeden 10y ago
  What if the barber is the one who said this?
  - mannykannot 10y ago
    Russell's lesser-known paradox.
  - mindcrime 10y ago
    Does the barber shave himself or not?
  - bduerst 10y ago
    Sell the barber.
crd4tn4jky 10y ago
"This time, the stocks are generating cash profits"
superuser2 10y ago
I like that this phrase can be used to condescendingly dismiss two opposite viewpoints. "Automation and globalization are going to destroy the world." -> "We've been saying that for a hundred years." rolls eyes "This time, it's different." "Current tech companies might actually have a legitimate sustainable business that won't be totally obliterated in an imminent market crash" -> "Remember 1999?" rolls eyes "This time, it's different." In all seriousness, though, we had one dot-com bubble; I am not sure it's wise to extrapolate that all tech companies now and for all time are doomed to fail after a few years. Particularly since the companies listed are actually profitable.
- dpark 10y ago
  Huh? The companies mentioned were Microsoft and Cisco, two companies that were and are profitable. The "this time is different" was dismissing the idea that somehow growth is unbounded for this new crop of companies. No one mentioned the tech bubble of 2000ish or claimed that no one could build a sustainable tech company.
tim333 10y ago
Reminds me of the Nifty Fifty https://en.wikipedia.org/wiki/Nifty_Fifty https://en.wikipedia.org/wiki/Nifty_Fifty They were supposed to be big buy and hold forever stocks. Interestingly looking back if you had bought and held for decades you would have done ok with the food type ones - McD and Coke and poorly with tech like DEC and Kodak. It's hard to build a tech company that will still be good 30 years later.

> in the 90's..the growth was finite, but there is no limit to Facebook, Google and Amazon. "This time, it's different."

by akavi 10y ago

> in the 90's..the growth was finite, but there is no limit to Facebook, Google and Amazon. "This time, it's different."

MicroBerto 10y ago

Reminds me of the phrase, "When your barber starts giving you stock tips, it's time to sell"

RileyKyeden 10y ago
What if the barber is the one who said this?
- mannykannot 10y ago
  Russell's lesser-known paradox.
- mindcrime 10y ago
  Does the barber shave himself or not?
- bduerst 10y ago
  Sell the barber.

crd4tn4jky 10y ago

"This time, the stocks are generating cash profits"

superuser2 10y ago

I like that this phrase can be used to condescendingly dismiss two opposite viewpoints. "Automation and globalization are going to destroy the world." -> "We've been saying that for a hundred years." rolls eyes "This time, it's different." "Current tech companies might actually have a legitimate sustainable business that won't be totally obliterated in an imminent market crash" -> "Remember 1999?" rolls eyes "This time, it's different." In all seriousness, though, we had one dot-com bubble; I am not sure it's wise to extrapolate that all tech companies now and for all time are doomed to fail after a few years. Particularly since the companies listed are actually profitable.

dpark 10y ago
Huh? The companies mentioned were Microsoft and Cisco, two companies that were and are profitable. The "this time is different" was dismissing the idea that somehow growth is unbounded for this new crop of companies. No one mentioned the tech bubble of 2000ish or claimed that no one could build a sustainable tech company.

tim333 10y ago

Reminds me of the Nifty Fifty https://en.wikipedia.org/wiki/Nifty_Fifty https://en.wikipedia.org/wiki/Nifty_Fifty They were supposed to be big buy and hold forever stocks. Interestingly looking back if you had bought and held for decades you would have done ok with the food type ones - McD and Coke and poorly with tech like DEC and Kodak. It's hard to build a tech company that will still be good 30 years later.