LogFAQs > #1030007

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicSillyCon Valley Vulture Capitalists: "MOBILE GAEMS R DYSRUPTING TEH INDUSTRY!!1"
red sox 777
04/15/12 1:46:00 AM
#19:


If you or any of your family members/acquaintances lost money in the first internet bubble, you have them to thank.

My parents work in technology, so some of their acquaintances lost money in the internet bubble. Some of their other acquaintances struck it rich. It's all about the timing (if you got out from mid-1999 through early 2000 you did very very well). In general, tech employees did pretty well. Even if you didn't have to sense to sell your stock options before the bubble burst, you can't lose money you never had in the first place. If you were rich on paper for a few months, it's no bigger a loss than the gain you got from the bubble.

Stupid people lost their money to smarter people, basically. And we got loads of new, wonderful, technology out of it. That's wonderful to me.

--
Congratulations to SuperNiceDog, Guru Winner, who was smart enough to pick
your 7 time champion, Link.
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