DOCU - Lessons From The Dot-Com Collapse

• We've seen this show before. In 2000, unrealistic expectations eventually burst, sending the Nasdaq down almost 80%.
• While growth scarcity and lower discount rates justify higher prices, many stocks currently trade at huge valuations.
• The recent 30% drop caused by Fastly's 5-6% revenue guidance hints at the risks growth investors are taking.
• History repeats itself. While money can be made riding a bubble, investors should remain humble and take actions to mitigate downside risk.

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