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''The peak of the bubble was also in a sense the peak of clarity.''

Quote
Peter Thiel
The Aspen Institute, 28 June 2024

 

“I’m very anchored on the 99 history, and I somehow always like to say that 99 was both, (…)  the peak of the bubble was also in a sense the peak of clarity, people could realize the new economy was going to replace the old economy, the internet was going to be the most important thing in the 21st century; and people were right about that, and then the specific investments were incredibly hard to make!”