3 ms·
> 1997 Yeah, looking at the NASDAQ from 1997 is a good reminder of everyone's selection bias. Saying Buffett missed out on the winners (with 20/20 hindsight) i
by robocat 1y ago
> 1997
Yeah, looking at the NASDAQ from 1997 is a good reminder of everyone's selection bias. Saying Buffett missed out on the winners (with 20/20 hindsight) is forgetting that he also missed out on a lot of losers.
Here's some of the now lesser known NASDAQ tech stocks that were doing well in 1997:
Dell (DELL)
Compaq (CPQ)
Gateway (GTW)
Silicon Graphics (SGI)
Hewlett-Packard (HWP)
America Online (AOL)
Yahoo (YHOO)
Lycos (LCOS)
Excite (XCIT)
Netscape (NSCP)
3Com (COMS)
Bay Networks (BAY)
From: https://www.cnet.com/tech/tech-industry/tech-stocks-and-nasdaq-in-1997/ https://www.cnet.com/tech/tech-industry/tech-stocks-and-nasd...
And nobody ever went wrong by buying IBM