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The funny thing is that the presentation was completely wrong. The "good times" were only about to begin. Within a couple of years, tech went on probably its gr
by baskethead 4y ago
The funny thing is that the presentation was completely wrong. The "good times" were only about to begin. Within a couple of years, tech went on probably its greatest stock market streak in history. If you look at tech from 2010 until 2021, the gains are so outsized that it caused things like massive income inequality in the Bay Area because the gap between tech workers and non-tech workers was humongous.
AAPL went from $8 in 2010 to $180, not including the 28:1 split during that period. Google went from $300 to $3000, not including a 2:1 split. Amazon went from $100 to $3500, with no splits. Startups like Uber and Airbnb were about to be founded. Twitter was created only a couple of years previous. A tremendous amount of multi-millionaires and billionaires were minted during that time.
- babyshake 4y ago"RIP Good Times" is a bit of a lagging indicator, or at least not a leading indicator.
- uberdru 4y agoThis is absolutely right, and likely to be the pattern for this downturn as well. Just some form of evolution in the digital and analog economies.
- deleted 4y ago[deleted]
- scarface74 4y agoWhether the Big Tech companies stock saw growth doesn’t matter to VCs. And VCs have never consistently beat the S&P 500. They aren’t the ones you want to take financial advice from.