Subject: OT 2020 - 2021
I heard something interesting. The 2020 ' 2021 bubble was almost identical to the dot.com bubble. Fund managers were buying companies that were growing fast, were not profitable and had never been profitable, and had enormous valuations. Actually, in 1999, fund managers were buying companies with a p/e of 100. In 2020 ' 2021, fund managers were buying companies with a p/s ratio of 100. So human nature never changes.