Comment by eru

Well, the dotcom bust wasn't all that bad for the wider economy. No financial crisis. A shallow recession (and even that could have been avoided.)

Btw, the dotcom bust was real, but there was no dotcom bubble. Skeptics back then said that the valuations only made sense if tech companies were to dominate the economy in the future. Well, that future arrived more than a decade ago.

(More formally, if you had invested in a broad index of tech companies throughout the dotcom boom years, and had held this, you would have done reasonably well over the next twenty years.)