Subject: Re: Buying at the Worst Possible Moment
<<< Cisco still hasn't passed its year 2000 high. They do pay a dividend these days, so there has been some cash flow from it, but adjusted for inflation it's been a monstrously bad investment even while being a good-great company the whole time.>>>

Good observation. CSCO’s biz obviously had legs, 25 years strong. Just how many others didn’t? Looking back from 2050, it’s rather likely that a few CSCOesques would have shown legs from today. AI-legs or whatever the buzzword today.

“How much” was the forgotten question then and now. The question was/will be answered with inflicted pain.