I Am Long on Netscape (1999)

  • > I read a report some whare (sic), and the person said that the people who control the browser will have the power in the future.

    They weren't wrong.

  • "You know your so very right. Netscape should be worth 50 billion"

    50bn = 88bn today. The size of Volkswagen, the largest vehicle manufacturer in the world.

    It's really incredible how years go by but the things you hear spewed out with absolute certanety during manias are always the same.

  • Delusions and hopium.

    People were never gonna pay for a browser, it turned out to be the modern day equivalent of the turnstile to access DisneyLand.

    Sure it's needed and it has to be installed for security purposes, but nobody is enthusiastic about the turnstile when they go to DisneyLand.

  • A close pitch from recent times is Zoom. Yes, people will still video-communicate for as long as humanity exists. Doesn't mean the share price (down over 80% from its highs) will go up.

  • Same post says this person was also long Amazon. Up 3600% or so since Jan 1999. Reminder that the purpose of making lots of bets is you know you're not going to be right on all of them.

  • > By the way, how did you access this site? Was it NETSCAPE?

    Not even close.

  • Also long AMZN.