Posted by Gregg at 10:08 AM in Thoughts Admit it - wasn't there a moment sometime in 1999 that you believed the market could sustain it's ridiculous valuation? Didn't you throw all you knew about business out the window to make sense of a company valued at 1000 X revenue? I did. A lot of smart investors I knew did. So did scores of investment professionals. Maybe we've learned something after the two year hangover we've all lived through.

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