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Horowitz's initial argument basically ended with "OK it's a bubble, but it didn't pay to think that way when the NetScape IPO took place" which is in exact agre
by podperson 15y ago
Horowitz's initial argument basically ended with "OK it's a bubble, but it didn't pay to think that way when the NetScape IPO took place" which is in exact agreement with Blank's stated position "we're entering the mania phase". So, I don't see a need for a rebuttal -- Horowitz effectively conceded straight out of the gate.
It's a bubble, but there's still time to make money from bigger fools.
I rant about this at greater length here: http://loewald.com/blog/?p=4238 http://loewald.com/blog/?p=4238