Its all fun and bubbles, until they burst

To begin with this evening, we’re going to talk about the tech bubble that is finally beginning to deflate. About $100B of capital has been lost year to date, and many feel the carnage is just beginning. About a four-minute read.

Comment: This is the dot com bubble all over again, except that bubble took place in the public markets. This bubble is taking place in the private markets.  Keep in minds asset bubbles typically don’t gently deflate, rather burst; the worst may be yet to come