[nabla9]

These two things are not exclusive:

1. Something works past all expectations.

2. There is craze, overhype, bubble and bust.

The markets have the ability to overvalue things that are great successes. In fact overinvestment and bubbles are often the result of real success.

If something generates 100X return, its completely feasible that markets value it in level that would require 200X return to be profitable investment.