Episode 003. Lessons from 2000-1: Should We Buy Falling Knives?
Recorded October 15, 2022
For our third episode of At The Rotterdam, Jeff and Rasheed go back in economic history again, but this time only to the turn of this century, to 2000-1. Here is a nice piece about that era: http://www.paulgraham.com/bubble.html
Then, like now, tech experienced a major correction that took years to recover from. But the recovery post 2001-2 lows was unprecedented.
The worst losses this year have been in zero revenue and zero profit technology companies, as well as crypto assets. Cathie Wood’s ARK Invest is down over 75% from ATHs as of this podcast. Electric vehicle companies such as Lordstown (RIDE) and Velodyne Lidar are down more than 90%. Streaming company ROKU is down around the same.
So where do we go now with tech? To be honest we have no idea. But we came up with eight lessons from the dot-com crash that may or may not be applicable to our listeners.
In hindsight, the dot-com crash of 2000 is a hardly-noticeable blip in the NASDAQ. WIll this be true of 2022-3?
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Rasheed’s Twitter: https://twitter.com/r_sale
Disclaimer: Nothing At The Rotterdam should be considered as investment advice. Always speak to a registered financial advisor before investing in anything mentioned on this podcast.
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