In a game of chicken, everyone who plays does so knowing the cliff is right there. Riding what you know is an investment bubble has a little more upside than dr

In a game of chicken, everyone who plays does so knowing the cliff is right there. Riding what you know is an investment bubble has a little more upside than driving toward a cliff. Same exit strategy, lesser consequence, similarly reckless in attitude. At the time people showed the necessary cashflows & growth required for profitless doctcom companies to justify their price and nobody could make it make sense. You'd have to be pretty stupid to think greater fools buying can go on forever. I'm sure some people in finance "believed" in it and others claimed to. Not many in the circles I moved in even paid lip-service unless they were in the IPO business. Plenty played. Did your experience differ?