This “It’s not about profits, man, it’s about how much you’re worth. The rules have changed. Don’t get left behind,” nonsense is exactly what a bunch of super wrong people said about investing during the .com bust. Even if we got some useful tech out of it in the end, that was a lot of people’s money that got flushed down the toilet.
But the survivors became some of the biggest and most profitable companies on the planet: Google, Amazon, Ebay/Paypal. And of course, the people selling shovels always do well in a rush (Apple, Adobe, etc).
This “It’s not about profits, man, it’s about how much you’re worth. The rules have changed. Don’t get left behind,” nonsense is exactly what a bunch of super wrong people said about investing during the .com bust. Even if we got some useful tech out of it in the end, that was a lot of people’s money that got flushed down the toilet.
But the survivors became some of the biggest and most profitable companies on the planet: Google, Amazon, Ebay/Paypal. And of course, the people selling shovels always do well in a rush (Apple, Adobe, etc).