STORY: “The internet nerds of the 1990s were right that the technology was going to change the world,” said Hegener. “But where they got it wrong, obviously, was there’s a lot of hype.”
He added that while the hedge fund managers who said the market was in a bubble in 1998 were right, too, they “missed out on 2-3 years of 40%+ equity market returns while you waited for that bubble to burst.”
Read More: Stock market rally could continue for a few more years, CIO says
