The Great Divergence

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The Great Divergence

kandrathe Offline

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#84

10-17-2010, 02:32 PM

(10-17-2010, 02:25 PM)Jester Wrote: Fine. And if you were saying "I thought tech stocks were ludicrous at that time," then you'd be right. If you held a broad basket of speculative startups in the late '90s, you would have gotten killed.

But you don't say that. You keep saying "Google." That's one of the companies that shows the flip side - just because some tech stocks were massively overvalued, doesn't mean they all were. Some were actual winners, and Google is the example par excellence of a good bet that got tarred by being in the same industry as the bad ones.

Yes, but...

There was no reason to look at Google and see profits. They hadn't even conceived of their ad strategy. They just had one of the better search engines. They were functionally no different than Yahoo, Excite, Lycos, Alta Vista, etc, etc, etc.

The rational investor is able to derive the potential of success from the available inputs.

”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.

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The Great Divergence - by ShadowHM - 09-16-2010, 07:37 PM

RE: The Great Divergence - by kandrathe - 09-16-2010, 08:06 PM

RE: The Great Divergence - by Lissa - 09-16-2010, 08:18 PM

RE: The Great Divergence - by kandrathe - 09-16-2010, 08:29 PM

RE: The Great Divergence - by Jester - 09-17-2010, 12:24 AM

RE: The Great Divergence - by kandrathe - 09-17-2010, 12:31 AM

RE: The Great Divergence - by Jester - 09-17-2010, 12:46 AM

RE: The Great Divergence - by --Pete - 09-16-2010, 09:38 PM

RE: The Great Divergence - by Maitre - 09-17-2010, 03:29 PM

RE: The Great Divergence - by kandrathe - 09-17-2010, 05:51 PM

RE: The Great Divergence - by --Pete - 09-17-2010, 08:27 PM

RE: The Great Divergence - by kandrathe - 09-17-2010, 08:35 PM

RE: The Great Divergence - by --Pete - 09-17-2010, 09:25 PM

RE: The Great Divergence - by Jester - 09-16-2010, 11:00 PM

RE: The Great Divergence - by --Pete - 09-17-2010, 12:10 AM

RE: The Great Divergence - by kandrathe - 09-17-2010, 12:22 AM

RE: The Great Divergence - by Jester - 09-17-2010, 12:35 AM

RE: The Great Divergence - by kandrathe - 09-17-2010, 12:55 AM

RE: The Great Divergence - by Jester - 09-17-2010, 01:02 AM

RE: The Great Divergence - by kandrathe - 09-17-2010, 01:13 AM

RE: The Great Divergence - by Jester - 09-17-2010, 08:37 AM

RE: The Great Divergence - by ShadowHM - 09-17-2010, 11:56 AM

RE: The Great Divergence - by Jester - 09-17-2010, 12:58 PM

RE: The Great Divergence - by ShadowHM - 09-17-2010, 02:41 PM

RE: The Great Divergence - by Jester - 09-17-2010, 03:46 PM

RE: The Great Divergence - by kandrathe - 09-18-2010, 04:01 PM

RE: The Great Divergence - by Jester - 09-20-2010, 05:02 AM

RE: The Great Divergence - by kandrathe - 09-20-2010, 04:59 PM

RE: The Great Divergence - by Jester - 09-21-2010, 05:15 PM

RE: The Great Divergence - by kandrathe - 09-21-2010, 08:11 PM

RE: The Great Divergence - by Jester - 09-21-2010, 09:57 PM

RE: The Great Divergence - by kandrathe - 09-22-2010, 01:16 AM

RE: The Great Divergence - by kandrathe - 09-17-2010, 05:23 PM

RE: The Great Divergence - by kandrathe - 09-20-2010, 11:03 PM

RE: The Great Divergence - by kandrathe - 09-21-2010, 04:56 PM

RE: The Great Divergence - by kandrathe - 09-22-2010, 06:42 PM

RE: The Great Divergence - by Jester - 09-22-2010, 09:33 PM

RE: The Great Divergence - by --Pete - 09-22-2010, 10:34 PM

RE: The Great Divergence - by LavCat - 09-23-2010, 04:21 AM

RE: The Great Divergence - by --Pete - 09-23-2010, 06:06 AM

RE: The Great Divergence - by kandrathe - 09-23-2010, 08:08 AM

RE: The Great Divergence - by Jester - 09-23-2010, 02:17 PM

RE: The Great Divergence - by kandrathe - 09-23-2010, 02:47 PM

RE: The Great Divergence - by Zenda - 09-24-2010, 03:20 PM

RE: The Great Divergence - by --Pete - 09-24-2010, 06:54 PM

RE: The Great Divergence - by Jester - 09-24-2010, 10:03 PM

RE: The Great Divergence - by LavCat - 09-24-2010, 10:26 PM

RE: The Great Divergence - by Zenda - 09-25-2010, 12:27 PM

RE: The Great Divergence - by Jester - 09-25-2010, 12:43 PM

RE: The Great Divergence - by kandrathe - 09-25-2010, 03:15 PM

RE: The Great Divergence - by Jester - 09-29-2010, 06:22 PM

RE: The Great Divergence - by Kevin - 09-29-2010, 06:30 PM

RE: The Great Divergence - by Jester - 09-29-2010, 07:02 PM

RE: The Great Divergence - by --Pete - 09-29-2010, 09:03 PM

RE: The Great Divergence - by Kevin - 09-29-2010, 09:21 PM

RE: The Great Divergence - by Jester - 09-29-2010, 10:00 PM

RE: The Great Divergence - by kandrathe - 10-01-2010, 05:22 AM

RE: The Great Divergence - by Jester - 10-01-2010, 09:36 AM

RE: The Great Divergence - by kandrathe - 10-01-2010, 01:25 PM

RE: The Great Divergence - by Jester - 10-01-2010, 02:07 PM

RE: The Great Divergence - by kandrathe - 10-01-2010, 06:10 PM

RE: The Great Divergence - by Jester - 10-01-2010, 06:50 PM

RE: The Great Divergence - by kandrathe - 10-01-2010, 07:12 PM

RE: The Great Divergence - by Jester - 10-01-2010, 08:10 PM

RE: The Great Divergence - by kandrathe - 10-01-2010, 09:09 PM

RE: The Great Divergence - by Jester - 10-01-2010, 10:45 PM

RE: The Great Divergence - by kandrathe - 10-01-2010, 11:13 PM

RE: The Great Divergence - by --Pete - 10-12-2010, 02:20 PM

RE: The Great Divergence - by kandrathe - 10-12-2010, 02:24 PM

RE: The Great Divergence - by Zenda - 10-12-2010, 01:34 PM

RE: The Great Divergence - by Jester - 10-12-2010, 03:41 PM

RE: The Great Divergence - by Zenda - 10-14-2010, 09:39 PM

RE: The Great Divergence - by Jester - 10-15-2010, 10:55 AM

RE: The Great Divergence - by Zenda - 10-15-2010, 06:49 PM

RE: The Great Divergence - by Jester - 10-15-2010, 07:09 PM

RE: The Great Divergence - by Zenda - 10-15-2010, 11:31 PM

RE: The Great Divergence - by Jester - 10-16-2010, 11:33 AM

RE: The Great Divergence - by Zenda - 10-16-2010, 01:28 PM

RE: The Great Divergence - by Jester - 10-16-2010, 01:53 PM

RE: The Great Divergence - by kandrathe - 10-17-2010, 03:05 AM

RE: The Great Divergence - by Jester - 10-17-2010, 01:33 PM

RE: The Great Divergence - by kandrathe - 10-17-2010, 02:05 PM

RE: The Great Divergence - by Jester - 10-17-2010, 02:25 PM

RE: The Great Divergence - by kandrathe - 10-17-2010, 02:32 PM

RE: The Great Divergence - by Jester - 10-17-2010, 02:48 PM

RE: The Great Divergence - by kandrathe - 10-17-2010, 02:50 PM

RE: The Great Divergence - by Jester - 10-17-2010, 03:03 PM

RE: The Great Divergence - by kandrathe - 10-17-2010, 05:57 PM

RE: The Great Divergence - by Jester - 10-19-2010, 11:58 AM

RE: The Great Divergence - by ShadowHM - 10-19-2010, 12:24 PM

RE: The Great Divergence - by Jester - 10-19-2010, 01:09 PM

RE: The Great Divergence - by --Pete - 10-19-2010, 04:16 PM

RE: The Great Divergence - by Jester - 10-19-2010, 05:38 PM

RE: The Great Divergence - by --Pete - 10-19-2010, 06:59 PM

RE: The Great Divergence - by Jester - 10-19-2010, 08:17 PM

RE: The Great Divergence - by eppie - 10-21-2010, 11:16 AM

RE: The Great Divergence - by --Pete - 10-21-2010, 04:00 PM

RE: The Great Divergence - by Jester - 10-22-2010, 10:34 AM

RE: The Great Divergence - by kandrathe - 10-23-2010, 02:13 AM

RE: The Great Divergence - by Jester - 10-23-2010, 01:39 PM

RE: The Great Divergence - by ShadowHM - 10-23-2010, 01:57 PM

RE: The Great Divergence - by Zenda - 10-19-2010, 08:55 PM

RE: The Great Divergence - by Occhidiangela - 10-24-2010, 08:55 PM

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