Comment by eigenspace

1 day ago

Tulips, Railroads, and the Internet also didn't go away when the financial bubble around them burst. That doesn't mean there wasn't a massive market correction in response to the over-investment.

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eigenspace

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lnkdinsuxs  1 day ago

> Tulips, Railroads, and the Internet also didn't go away when the financial bubble around them burst. That doesn't mean there wasn't a massive market correction in response to the over-investment.

Your Railroads and the Internet parallels are so very apt. We certainly are very productive even in 2026 off those but almost no one remembers how many large behemoths were wiped out in the U.S. because of them.

Yes, it does seem to me that the AI of 2026 will be like the Railroads and the Internet - fundamentally transformative technology that changes how things are done into the future but there will be blood in the short term, which is why I would not be participating in the IPOs directly

bloppe  1 day ago

Tulips kinda did go away

  • lnkdinsuxs  1 day ago

    I don't believe they literally meant Tulips but rather its hype cycle. I commented on the other two that can be taken literally

  • eigenspace  1 day ago

    There's a beautiful tulip garden just down the street from me, and an outdoor weekly market where tulip bulbs are sold. Tulips are very much still around, I assure you.

    • bloppe  21 hours ago

      I don't mean went extinct. I mean the idea that tulips could be an asset class is now laughable, which is not true of the other two. The impact of the tulip industry on GDP is utterly imperceptible.

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