2 ms·

Such as?

• l23k4 5mo ago
  Do you live in a cave? I guess not. Do you have access to the internet? Seemingly yes. The booms just tend to be much bigger than the busts.
  • enraged_camel 5mo ago
    The internet absolutely went bust. That’s what the dotcom crash was. Same with a lot of physical infrastructure. The UK has a robust railroad network today, but it was built during a bubble that was so insane people would take loans from banks to invest in railroad stocks.
    • monooso 5mo ago
      Now we just take loans to purchase the train tickets.
    • simianwords 5mo ago
      > The internet absolutely went bust How does it matter to you? If you had invested in Internet broadly, you would have been WAY better off in the long term. Meaning: your strategy had been to keep investments tied to Internet first companies, you would have done better than pretty much any other person. Things go up and down but broadly internet went up.
      • pjmlp 5mo ago
        Unless the investment was into worthless paper from those companies, tied to pension funds and similar.
        • simianwords 5mo ago
          The strategy should be to put money into AI broadly and not necessarily tie to a certain company -- something pension companies already know. So evidence that internet was a bubble is wrong, it in fact shows that pensions did the right thing by putting money in the internet.
          • pjmlp 5mo ago
            Do I need to dig out newspaper articles from around 2003 - 2008?
            • l23k4 5mo ago
              How do you suppose those would prove your point?
          • prewett 5mo ago
            Since you couldn't "put money in the internet", you had to choose some actual companies. Your results varied by which company you chose, and when you invested. (This is always the case, obviously) Sun Microsystems? Let's say you bought the dip at the end of May 2000, at $150. It's ending price when it was bought by Oracle in 2010 was $9.50. [1] Suppose you bought Cisco at the same time for $37.30. You would have waited 18 years, until Aug 2018 for it to reach the same height. Now it's at $127, which over 26 years is an annualized return of 5%. It would have only taken 14 years to break even with Microsoft. Now, if you had put your money in those stocks 12 months later, you would do okay (except for Sun). So, no, those pensions did not do the right thing by buying at the peak of a bubble. At least, not for people like me who don't like 15 years of negative returns. [1] https://companiesmarketcap.com/sun-microsystems/stock-price-history/ https://companiesmarketcap.com/sun-microsystems/stock-price-... [2] https://companiesmarketcap.com/cisco/stock-price-history/ https://companiesmarketcap.com/cisco/stock-price-history/
            • simianwords 5mo ago
              > Since you couldn't "put money in the internet", you had to choose some actual companies Why not NASDAQ?
  • SirFatty 5mo ago
    Great examples.
  • pjmlp 5mo ago
    Yes, and I lost my job during the dotcom crash, so nope.
• simonsarris 5mo ago
  On November 16 2022 Michael Burry tweeted "You have no idea how short I am" On January 31st 2023 Michael Burry just tweeted out "Sell" that period was the market bottom, which has rocketed since then. (QQQ more than doubled)
• jstummbillig 5mo ago
  On average, all the time. By any reasonable measure, more wealth has been created the longer the time horizon. Looking at the S&P500 over time gives an indication.