Daniel Peris
Daniel Peris
burned distinct dive environment happening investing rally stock tough ways
A significant Nasdaq rally will be difficult. Those who were burned in the dive will see a $5 stock go up to $9 and then get out. Today's tough investing environment is in some ways distinct from what is actually happening in the economy.
advantage basic companies company internet investor leaders luck majority mature measure nearly phase sentiment small survive vast
Investor sentiment is important, but not nearly as much as basic company growth. While the vast majority of the first-generation Internet companies may not survive, the leaders ? those with first mover advantage and no small measure of luck ? will survive and will take the Internet to its second, more mature phase of development.
began binge dangerous driving investors left momentum playing
We left fundamentals, and only momentum began driving up the stocks, ... The binge had very little to do with economics. Investors were playing a very dangerous game.