The dot-com bubble was a period where unsophisticated investors engaged in speculative gambling rather than sound financial analysis.

“I was simply gambling I went from Reading financial statements to kind of reading financial statements to gambling and then the market just took it all away”

The dot-com bubble was a period of excessive speculation where revolutionary technologies were incorrectly used to justify irrational market valuations.

“But extraordinary technologies don't justify infinite valuations. A great company can be a disastrous investment if you overpay.”