“Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.” Vividly I can recall the dot com boom when technology related companies showed no or little profit and yet were being valued at astronomical prices. It was called a new era when valuations did not matter. Investors seemed to put …
Sometimes we stare so long at a door that is closing that we see too late the one that is open,” Alexander Graham Bell In 1979 there was a Business Week magazine cover titled “the Death of Equities”. This came after a 13 year sideways market in the United States. Though the market went sideways …
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