The Next Bitcoin

Dec 9, 2017

Today, I want to take you back to the year 2000...when the Telecom-Media-Technology (TMT) rally was at its peak.

Each day was one of extreme excitement...or despair...

Excitement for those who were riding the crazy bull market...despair for those who had decided to stay away from the mania.

I recall those days when, over a single trading session, a stock would jump 50%.

Or drop 50%, ifthe results didn't meet the unreasonably high expectations.

Fortunes made...

Fortunes evaporated...

But there was someone who did not budge.

Warren Buffett.

Much derided for staying away from technology and internet stocks all through the rally, he stuck to his guns...and his stock picking process.

As the data would show, Buffett was wrong for a long period of time. People said he had lost his mojo.

It was only the staunchest of Buffett fans who did not leave his side during that phase.

But then, reality returned...

And the rest is history...

Seasoned readers of kodicms are familiar with this story...

There's a similar mania going on right now... the IPO mania of 2017.