25 Stupid Things We Were Thinking in 1999
December 31, 2009 – Taking some inspiration from Morgan Housel’s
The Past Decade in 50 Headlines, let me present...
25 Stupid Things We Were Thinking on December 31, 1999:
The Internet has eliminated stock market cycles…this paradigm has shifted!
You’d have to be a Moron not to invest in Enron -- it’s revolutionizing the way we deal with energy.
Warren Buffett had a good run, but his investing style is obsolete.
Berkshire Hathaway (NYSE: BRK-A) is as played out as the original textile mill.
Gas sure is cheap...Stop, Hummer time!
Are you Y2K compliant?
MTV’s
The Real World is kinda interesting, but this whole reality TV thing is a fad. They’ll go back to playing videos soon.
Alan Greenspan is an economic micromanaging genius!
Google (Nasdaq: GOOG)? I had to Lycos it to figure out what they do.
You’re darn right I want options instead of a higher salary…Mullets4Peace.com is gonna let us retire by 25…who wants to be a millionaire? This guy!
Glass-Steagall was so Great Depression-era. We’re more sophisticated now.
Clothing from the
GAP…pretty cool. Blue dress from the GAP…heehee.
Home prices will never go down.
Forget
Microsoft (Nasdaq: MSFT)…Netscape Navigator and WordPerfect are just too good to fail.
Thank God this is the last time we have to hear that Prince song.
There’s at least a 10% chance the world ends tonight. Wanna go back to my place?
The better buy is Pets.com. Does
Amazon.com (Nasdaq: AMZN) really think it can sell books over the Internet?
Martha Stewart sure is a great insider decorator.
Have you sent your friends an
e-meringue yet?
You can do anything with
Citigroup (NYSE: C)…it’s the
Wal-Mart (NYSE: WMT) of banking.
Dow 36,000? Heck yeah!
Name recognition test: Mortgage-backed securities…nope. Snuggie…nope. Derivatives…I didn’t take calculus. Napster. Bingo!
I’m glad Bear Stearns didn’t help bail out Long-Term Capital Management. After all, Bear Stearns didn’t screw up.
Apple (Nasdaq: AAPL)? Solid fruit, but just a niche computer company left in
IBM and Microsoft’s wake.
Yeah I know about social media. I love Katie Couric, but that Bryant Gumbel sure is persnickety.
This time it’s different.
Let’s hope 2009 isn’t as much fodder for 2019 as 1999 was for 2009. Not-so-bold prediction: it will be.
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