Winning Tech =/= Winning Investors?
interesting and timely reminder that some new and disruptive technologies do indeed transform the world, the way we do things, and the prospects of companies that are not even directly involved in the tech…
But these new technologies can end up being a poor investment themselves, with investors facing difficulty in terms of picking the winners, capturing the gains, and navigating the treacherous cycles of bubbles, hype, and excessive valuations.
one interesting point: interest rates and macro actually had quite a significant impact on the blowing and bursting of the bubble in that chart...
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