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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (6143)6/21/1999 10:35:00 PM
From: Allan Harris  Read Replies (2) of 15132
 
In the late 80's and/or beginning of the 90's developmental biotechs went wild based on the "obvious" fact that they represented the future of medicine.

Here's the difference, Marc, between the biotechs and the Internets: The former was and to a large extent, still is, basically hope and dreams with a few products finally seeping through the morass of government regulation. The latter is real, in our lives, every one of us, every day. It is tangible, all encompassing, highly addictive and invading every aspect of economic and cultural life in our society. From my viewpoint, it is easily distinguishable from merely a hot fad or an ordinary cyclic rally doomed to eventual collapse. Even the judges are getting on board:

ij.org

Look at it this way, every time every one of us on this thread logs on to read these messages, we are making the case that the Internet is something more then a fleeting investment fad. For those who are waiting for it to crash and burn, that bus stop running a long, long time ago.

A
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