The Dot-Com Bubble - Wall Street History
480K views · Jan 16, 2021 · Education
Comments · 697
@PBoyle · 5 years ago · pinned
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@paulmoore7964 · 1 year ago
"we make a loss on every sale, but we make up for it in volume"
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@alhollywood6486 · 5 years ago
I was a floor trader at the CBOE during this time, it was madness. Everything went up, everyone got rich....Until they didn't. Paper millionaires never took anything off the table. The echoes today are obvious.
1K
@Joe-ij6of · 11 months ago
Commenters 4 Years Ago: "Oh, wow! so interesting!"<br>Commenters Today: "Shh... I'm doing research"
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@iammattc1 · 3 years ago
I briefly worked with someone who had funded his friend's start up in exchange for stock. It kept going up and up, and it reached £20 million at one point. He went to the owner of the company he worked at and asked what he should do. The owner told him to sell half and keep half, that way he'd be rich, and if the stock kept going up he wouldn't lose out.<br>He didn't.<br>He looked at as he'd only make half as much more money when the stock went up further<br>Then the stock dropped. When his stock was worth £18 million, he thought about selling it all, but looked at it as losing £2 million instead of gaining £18 million<br>In the end he didn't even get his initial investment back.
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@СергейВричан · 3 months ago
My cousin laughed at me for reading Smart Broke Dumb Rich by Zor Veyl. Funny thing is he asked to borrow money again last month. I said no without any guilt this time.
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@AllenZee · 5 years ago
This is literally 6-9 months of solid research crammed into 23 minutes. <br>Well done as always Patrick. <br><br>Thank you for doing this public service. <br>Keep up the great work brotha !!!!
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@mellusk9194 · 3 years ago
The Y2K Panic also ran parallel to the DotCom bubble, which also funneled a lot of money into technology upgrades across many different industries.
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@erichkitzmueller · 4 years ago (edited)
I remember when back then, having a low cash burn rate (or even making profit) was considered bad, because it meant that management did not pursue growth aggresively enough.
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@neonglowmusic · 5 years ago
Legendary rock star William Shatner. I love how you speak with such unironic authority.
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@specialc · 5 years ago
That e-trade commercial at the end was a real tearjerker.
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@DavidsPortfolio · 5 years ago
A lot of this retelling of the dot-com bubble reminds me of the phrase "History doesn't repeat itself, but it rhymes". Awesome video as always!
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