I love the giants and big boys losing a lot --- but it also devastates
ordinary people who get caught up in the "opportunity" ---

I wish there were a way for a short popular version of Schiller's
"irrational exuberance" to get wide circulation ...

On Thu, Nov 20, 2025 at 9:23 AM Mark Baugher via groups.io <mark=
[email protected]> wrote:

>
>
> On Nov 19, 2025, at 15:15, Tom Walker via groups.io <lumpoflabor=
> [email protected]> wrote:
>
> But what does that really mean if NVIDIA's sales are driven by tech titans
> who are puffing up their own earnings reports with unrealistic depreciation
> schedules?
>
>
> Yahoo! posted record revenues in 2000 as the dot-com bubble bust. Some
> analysts at the time claimed, as I recall (I cannot quickly find a
> reference), that Yahoo!'s outstanding performance was inflated due to the
> amount of money dot com startups were borrowing to spend on Yahoo! and help
> establish their presence on the world wide web. Many of these companies
> would subsequently go bankrupt in 2000-2001. Yahoo! revenues dropped by a a
> third the next year, in 2001.
>
> Nvidia is collecting an order of magnitude more revenue and investment
> from tech giants than Yahoo! received from their startup customers. Nvidia
> made $130B in 2025 while Yahoo!'s record revenue in 2000 was $1.1B. So if
> this is a prelude to a crash, it likely will be much worse than 2000.
>
>
>


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