The Memo by Howard Marks cover image

The Rewind: Calling The Market

The Memo by Howard Marks

CHAPTER

The TMT Bubble and the South Sea Bubble

The tech media telecom bubble imploded in about six months. The clearest memory he has from the fall of 1999 is reading a book called A Devil Take the Hindmost by Edward Chancellor. It's so resonated for me with the present. People who resisted this idea that didn't make any sense until it did so well and made so many other people money they couldn't resist anymore.

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