True, they might have crashed 50% from the peak. But did you know that if you had bought CSCO at its IPO and held to March 2000, it would have gone up 65,000%?!!! We might say Google is very high now. But who knows. It might or might not be the next CSCO. I mean Dell went up like 50,000%!. MSFT went up like 40,000%! But I admit we had a secular bull market that beat all bull markets during the 90s. We might not see that again in our lifetime. But just an idea about long-term investing of solid stocks can huge reap benefits.
that is true but stocks like csco didnt ipo with a 30billion mc so their base was much lower. if GOOG were to go up 10000% from its ipo price it would be a huge number.
i dunno.. is a piece of cardboard with mickey mantle on it worth $80,000? is a ferrari 360 modena worth $350,000?
vhehn, you are right. Very good observation. CSCO, MSFT, DELL, and other hot stocks of the 90s took a decade to achieve their multi-billion dollars market cap. GOOG did it almost virtually overnight. By the same argument, if GOOG were to go up 60,000% it will be worth more than the market cap of all equities securities in the world combined and some. Which is not possible. Man...
At the-end of the day- all the markets are is a auction ,It is as simple as that (What people will pay) (What people won't pay) It,s a very old game ,Which many persons try to complicate Regards.....