[nelox]

His experience at PayPal during the dot-com period gives him direct knowledge of how speculation can lead to major losses. This background encourages careful analysis of current conditions rather than automatic acceptance that all is well.

A point frequently overlooked is that professionals in his position have strong personal reasons to be accurate. Incorrectly concluding there is no risk can damage their investments and reputation more severely than acknowledging potential problems. His assessment rests on specific differences from earlier periods, such as major companies generating profits and consistent demand for critical hardware.