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by ZeroGravitas
1079 days ago
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You seem to be agreeing with the author, who notably compares it with railway mania. > Technologically, fiber communication has been a
brilliant success. > The bubble warped the financial picture. Looking back,
Odlyzko compared the millennial bubble to the British rail-
way mania of the 1840s ... > Looking back, the most important lesson from the fiber
optic mania may be that the most successful technologi-
cal revolutions can be the messiest. The bigger the profit
potential, the more manic investors become and the less
critical judgement they use. And the concrete takeaways depend on exactly who you are, but "selling out early" before the bubble pops seems to be the story of the big individual winners in this story. |
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