I was there during the crypto-bubble, the housing market bubble, but I don’t have any memory of the internet/dotcom bubble, and I was not alive during the rail-road bubble.
However, I want to know what the thoughts of the people were during that time. During AI, that fact that it’s a bubble is more apparent but during the housing and dotcom, I feel like it was more subtle (or I am too naive).
Does anyone have any personal experience of what it was like at that time? Were people as skeptical as they are today? What were they right/wrong about? Were the attitudes different? What changed after the crash?
Especially if they never invest it…
40 years (what I would call typical number of wage earning years) is a long time to sit on the sidelines. If one starts investing early, it’s basically impossible to be in the negative by retirement. Nothing even remotely like that ever happened, at least in modern times.
I never understand why people think that the stock market down 20% year over year is a life changing disaster.