Fantastically succinct market analysis and reality check. Continuing the aside: Going short in 1998 would have been too soon, 2001 Q2 too late. Countless start

Fantastically succinct market analysis and reality check. Continuing the aside: Going short in 1998 would have been too soon, 2001 Q2 too late. Countless startups have flipped in the past few years after only a year or two of growth. There's ample time to build something valuable and flip it in the next few years. History repeats itself but that won't help us predict the market. (I'd give bonus points for your Camus quote!)