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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Dennis O'Bell who wrote (55176)1/7/2001 10:58:11 PM
From: Efthymios H. Zacharias  Read Replies (1) of 436258
 
No doubt. However the importance of the steam engine or the internal combustion engine or electricity or the phone didn't save investors from a terrible bubble that ruined most of their dreams of a new era and easy riches.
And nor has today's information age saved investors from a far greater bubble that is in the process of bursting.
All these bubbles achieved their peaks and collapsed long before the ultimate benefits of the innovations that produced them became widespread.
Investors have a tendency in times of euphoria to overreach and discount good things far into the future - further than their own lifetime.
We discuss here not the merits of our progress but the possibility of such to turn our dreams and hopes into wealth.
And it appears at today's valuations that investors will have to wait for the next technological revolution to unlock wealth from their misguided investments.
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