It really was a waste of an article. I think I am dumber for having read it. It failed to provide any real information on what was seen preceeding the dotcom bust. Just some super generalizations of no value.

Also, it refers to these mythical investors who supposedly think about earning potential and all that. Most really don’t. They invest because they think the stock will go up. And usually that has more to do with if they think others will buy it than the Financials of the company. SpaceX is a great example of that.