Stock market bubbles and FOMO #stockmarket #bubble #bitcoin #stocks #nvidia #aiinvestment

Added: 2026-06-01

[00:00:00]A lot of people buy a stock, they don't even know what the business does. They don't know if they're earning any money.

[00:00:04]I remember in 1999, how many remember the dot-com bubble? I was working at Credit Suisse in New York. I worked there and everybody I knew on the desk was making money in stocks. They were making a lot of money. And I was the junior guy on the desk. I was in my 20s.

[00:00:16]Everybody was buying dot-com stocks and they go up every day. And that thing was out of control and eventually I couldn't take it anymore and I bought something and I wrote it from 63 to 11. That's not the way you're supposed to do stocks.

[00:00:30]>> [laughter] >> All right, 63 to 11. Why do I remember the exact numbers? It was like painful, you know? I got caught up in the emotions of the market. The bottom line, that's what happened.