This is 100% the dot-com bubble playbook. Right now, we're in the "frenzy" Gates mentioned, and everything is overpriced.
The strategy: Sit on the sidelines.
When this pops, "everyone gets wet," including the healthy giants (MSFT, NVDA, etc.). That's the moment to buy the survivors at a massive discount after all the "me-too" companies are wiped out.
This is 100% the dot-com bubble playbook. Right now, we're in the "frenzy" Gates mentioned, and everything is overpriced.
The strategy: Sit on the sidelines.
When this pops, "everyone gets wet," including the healthy giants (MSFT, NVDA, etc.). That's the moment to buy the survivors at a massive discount after all the "me-too" companies are wiped out.