👌 What can the dot-com crash teach us about modern investing?
👈 In the late 90s, everyone wanted to join the Internet gold rush.. But for many, it ended in disaster when the dot-com bubble burst.. Here's what we can learn from that arduous journey to avoid making the same mistakes:
1. Hype doesn't mean value: Just because something is popular doesn't mean it's worth investing in.. Focus on the actual value of the company, not the hype.
2. Do your research: Always understand the company's business model and profitability before investing.
3. Profit matters: The company should have a clear path to making money.. High growth is good, but profits are essential.
4. Be skeptical about big: If it starts to rise too quickly or its promises are too great, doubt it.. Quick gains often come with high risks.
5. Stick to discipline: Don’t let your emotions control your investments. Stick to your plan and avoid making rash decisions based on the excitement of the market.
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