Chapter
Lessons from the Dot Com Bubble
11:13 - 19:52 (08:39)
The dot-com bubble of the early 2000s saw many value managers go out of business, including Julian Robertson who stopped managing money in 2000. Companies with high growth estimates then saw their businesses collapse.
Clips
This podcast discusses how the tech industry's rapid growth can eventually lead to a collapse, similar to the tech bubble burst in the early 2000s due to inflated values and overestimated earnings, and explains this using the analogy of a railroad.
11:13 - 13:01 (01:48)
Summary
This podcast discusses how the tech industry's rapid growth can eventually lead to a collapse, similar to the tech bubble burst in the early 2000s due to inflated values and overestimated earnings, and explains this using the analogy of a railroad.
ChapterLessons from the Dot Com Bubble
EpisodeStanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades
PodcastMy First Million
Legendary investor Julian Robertson gave up value investing at the end of 2000 after suffering great losses from shorting tech giants.
13:01 - 16:58 (03:56)
Summary
Legendary investor Julian Robertson gave up value investing at the end of 2000 after suffering great losses from shorting tech giants. Although these SaaS companies have high valuations today, there is no reason to believe they will collapse like the dot-com bubble did in the early 2000s.
ChapterLessons from the Dot Com Bubble
EpisodeStanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades
PodcastMy First Million
A discussion on the monopoly behavior of tech companies, such as App Store's 30% rent and Microsoft's growth, and how this may affect the equity market in the future.
16:58 - 19:52 (02:54)
Summary
A discussion on the monopoly behavior of tech companies, such as App Store's 30% rent and Microsoft's growth, and how this may affect the equity market in the future.