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@forbes
At the end of the 1990s, there was one narrative on every stock broker’s lips. The so-called world wide web would change everything about our way of life: the way we buy and sell goods, interact with friends, conduct research and advance our careers. It would be impossible to imagine life without it. That narrative has come true on a scale beyond what many imagined, but it might not feel that way for the investors who bought into the craze. First there was the crash in March 2000, which ultimately took the #stock market down 49%. Even worse, had you held onto the 10 largest tech stocks by market capitalization from the beginning of 2000, all 10 would have lagged the S&P 500 by the end 2015. Fast forward to today, and the only stocks that have pulled ahead of the broader market in that quarter-century span are #Microsoft and #Oracle. The rest—names like Cisco, Intel, Qualcomm and IBM—have sorely disappointed investors. It’s a cautionary tale for today’s investors, who have bid prices ...

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