Under pressure. In the late 1990s, we were on the verge of an internet bubble that momentarily taught people the meaning of fly by night. Investors were taking big risks on individual stocks and untested (and sometimes unstaffed) internet companies. A sock puppet dog going door to door to deliver pet food? Dave Goetsch and Norm Mindel discuss the tech bubble, Y2K and the years leading up to the financial crisis. In the topsy-turvy ‘90s and ‘00s, bubbles were bound to pop.
“If your portfolio has no volatility in it, something’s wrong.” — Norm Mindel
“There’s a different way to invest that doesn’t make your head explode and you’re not going to have to watch CNBC all the time and read The Wall Street Journal unless you want to do it for pleasure. There’s a whole different way to go.” — Dave Goetsch
More About the Topics Discussed in This Podcast
Robert McMillian, “Turns Out the Dot-Com Bust’s Worst Flops Were Actually Fantastic Ideas.” Wired.com, December 8, 2014.
“15 Years Ago: Americans Look to the Amish Amid Y2K Fear.” CBS News, January 1, 2015.
Molly Redden, “The New York Stock Exchange Has a Long History of Shutdowns.” Mother Jones, July 8, 2015.