Clay explores the dot-com boom and bust through Roger Lowenstein’s book, Origins of the Crash. The book unpacks how distorted incentives, financial engineering, and speculative excess reshaped markets. By studying this period in market history, investors can better recognize recurring patterns in behavior, incentives, and speculation, and apply those lessons to avoid future manias. What you'll learn here: 00:00:00 - Intro 00:01:00 - Year leading up to the bubble 00:02:40 - The rise of stock-based compensation 00:12:05 - Playing the numbers game 00:19:10 - The dot-com bubble 00:21:13 - The bubble’s peak 00:29:46 - Fueling the bubble 00:37:24 - Enron’s euphoric rise 00:50:43 - The telecom bubble 00:56:51 - Enron’s collapse 01:06:22 - Lessons from the dot-com bubble 01:09:19 - Closing thoughts Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/the-1999-dot-com-bubble-w-clay-finck/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - My Investment Philosophy w/ Clay Finck: https://youtu.be/1bh3AyIO1-4 📖 Book Mentioned: - Origins of the Crash by Roger Lowenstein: https://amzn.to/3MG6QvG Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #DotComBubble #MarketHistory #InvestmentLessons #StockMarketAnalysis #ValueInvesting