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Joined 4 months ago
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Cake day: December 16th, 2024

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  • The SP500 did not break the high of the Dotcom era for more than a decade. It did so briefly in 2007. And you know what happened next. It stayed below that high for another several years.

    That’s based on raw values. Adjusted for inflation I’m certain the Dotcom bust lasted until the mid-2010s. That’s about when the tech industry really took off again too.

    Also it’s not up 3000% since the 90s. More like 800% give or take. The entirety of that being between the years 1990 to 2000 and 2015 to 2024. If one has only started paying attention to the markets the past several years would one be familiar with the paradigm of “enjoy the sale”. The past decade has been the greatest bull market ever. Things had basically gone parabolic where gains were exponential and losses were only small and brief. It’s no wonder people are spoilt.

    Long term investors (read: the average person) must be willing to expect time frames on the order of a decade of stagnation. These periods can and do happen. Just because the past 10 years has been a fever dream doesn’t mean we should forget lessons of the past 100 years.





  • It started with gmail IMO. That was an early milestone of the evil empire. They announced mining your emails to build an ad empire. I remember being bewildered that nerds on forums were going nuts over 1GB of storage. What a shit trade off I thought. But what did I know then especially relative to the expertise of internet nerds.

    Gmail was launched around 2005 which means the concept was in development several years before. That puts the timeline around 2000 probably. Google was evil from very early on.