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, investors and, yes, even reporters goofed up with optimistic assumptions, dubious yardsticks and shaky comparisons. In 20/20 hindsight, the methods people employed to price tech stocks were rationalizations at best and ridiculous at worst. But kicking the nasty habit will be hard.
<< Read Full Article
Bubble Math and How to Avoid It Next Time
Mistakes were made. Now, let's just try not to repeat them.
, investors and, yes, even reporters goofed up with optimistic assumptions, dubious yardsticks and shaky comparisons. In 20/20 hindsight, the methods people employed to price tech stocks were rationalizations at best and ridiculous at worst. But kicking the nasty habit will be hard.
In other words, investors who forget the past are condemned to repeat it. But those who remember may repeat it anyway. ...
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