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Crashes are a phenomenon of investor mass hysteria I don’t think they are correlated with metrics of the companies they have invested in. When enough people bel
by jdmoreira 8y ago
Crashes are a phenomenon of investor mass hysteria I don’t think they are correlated with metrics of the companies they have invested in.
When enough people belive they have been throwing money at a hype, panic will ensue and a crash will happen.
- slededit 8y agoI don't think it will effect the industry nearly as much as it did in the past. Tech is simply more integrated into society now, the fundamental thesis is proven in a way that it wasn't in the 2000s. Its akin to the early days of TV when it was a luxury to the 70s-00s where it was where the average american spent most of their free time (and note that its dominance has been supplanted by the internet).