Chat With Traders 253: Patrick Boyle - Lessons from Financial History and False Expectations in the Markets
42 snips
Feb 8, 2023 AI Snips
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Early Investing
- Patrick Boyle's father encouraged him to invest his summer job earnings in utility stocks from a young age.
- This early exposure sparked Boyle's interest in the stock market, although he initially worried about losing his hard-earned money.
Dot-Com Bubble Experience
- During the dot-com boom, Boyle witnessed the market frenzy firsthand while working in wealth management.
- Though tempted by the hype, his older, more experienced colleagues' advice prevented him from overinvesting in internet stocks.
Dot-Com Narrative vs. Reality
- Boyle acknowledges being intellectually drawn to the dot-com boom's narrative of revolutionary technology.
- However, he recognized the nonsensical valuations based on metrics like "price-to-clicks" instead of earnings.