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Friday, June 11, 2021

History is repeating itself?

Share this interesting observation: 

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Forbes perfectly captures the mind-boggling foolishness and speculation in today's markets with this cover story:

But here's the crazy thing: This is the cover from the April 8, 1998 issue – more than 23 years ago!

Not to toot our own horn, but this is why anyone who wasn't in the markets back then should be listening to Enrique, Berna, and me: We experienced those crazy times leading up to and including the Internet bubble, and there are remarkable similarities to today.

In the markets, as in so many other things, the old saying applies: History doesn't repeat itself, but it often rhymes, which is why having long experience is so important...

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