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What was the tech bubble?

The tech bubble, also known as the dot-com bubble, was a period of rapid and unsustainable growth in the value of technology and internet-based companies in the late 1990s and early 2000s. During this time, investors poured money into the technology sector, driving up the prices of tech stocks and creating a speculative bubble.

The bubble was fueled by a combination of factors, including the widespread adoption of the internet and the rapid development of new technologies, as well as a general sense of optimism and enthusiasm about the potential of the technology sector. Many investors and speculators were willing to overlook the potential risks of investing in tech companies, leading to a surge in demand for tech stocks and a rapid increase in their prices.

However, the bubble eventually burst, and the value of tech stocks began to decline. This led to a sharp drop in the stock market and widespread losses for investors, who had bet heavily on the continued growth of the technology sector. The tech bubble is often cited as a cautionary tale about the dangers of excessive speculation and the need for careful and disciplined investing.

“There is no better teacher than history in determining the future… There are answers worth billions of dollars in a $30 history book.” – Charlie Munger

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