May 2010
Beginner
504 pages
17h 27m
English
Content preview from The Making of a Market Guru: Forbes Presents 25 Years of Ken FisherBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 16. 1999: IPOs, Y2K, Nasdaq, Oh My!
"The Great Humiliator has only one goal: to humiliate as many people as possible for as many dollars as possible over as long a time as possible. En route its favorite victims are professionals. As a group they can't be right."
—"Bet Against the Experts," April 19, 1999
"Y2K is the most widely hyped 'disaster' in modern history. It is well documented: The only folks who aren't familiar with it are in the upper Amazon basin, rapidly fleeing the rest of humanity. I need not even define Y2K for you to know exactly what I'm referencing."
—"Greater Fools," October 18, 1999
Many folks remember 1999 as a banner year for stocks. However, big stock returns did not necessarily translate into a fantastic year broadly for individual investors. How so? Nineteen-ninety-nine's big returns were concentrated in just a few categories: technology stocks, telecommunications stocks, anything Internet related, and just about any initial public offering (IPO). And IPOs aside, the bigger the stock, the better the return. The heavily technology-weighted Nasdaq Composite Index, which mostly kept pace with the S&P 500 during the earlier years of the bull market, skyrocketed an astounding 85.6 percent in 1999. As an extreme example of the 1999 fervor, telecommunications firm Qualcomm gained over 2,000 percent that year. The hottest IPO of the year was VA Linux — a firm selling computer systems that ran the Linux open-source operating system. The firm's IPO was priced ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.