We’ve Seen This Movie Before

Ben wrote:

Tech stocks are going crazy? Check

IPOs are on fire? Check

Retail day-trading is going bananas? Check

People are proclaiming we’ve entered a “new” economy? Check

Warren Buffett is getting mocked relentlessly? Check

Investors are throwing money at unproven business models with no profits? Check

Value stocks are getting crushed by growth stocks? Check

Small cap stocks are getting left in the dust by large cap stocks? Check

This is a description of what went during the insanity of the late-1990s dot-com bubble…and what’s happening in 2020.

We spoke about this and more on last week’s Animal Spirits

 

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