Monday, December 5, 2022

The Dot-Com Bubble Might Be Repeating Itself... With Different Players

By Joel Litman

Editor's note: Here at Empire Financial Research, Whitney has been bullish on some of the biggest tech stocks that have taken a beating in 2022. But we still listen to what smart folks on the other side of the argument are saying... As such, today in Empire Financial Daily, our friend and colleague Joel Litman – founder and chief investment strategist at our corporate affiliate Altimetry – is back to share a warning about a similar setup to the dot-com bubble that could be playing out in the markets today... The 'dot-com bubble' is a catchy name... but it's a misnomer. The term is commonly used for the 2000s economic hiccup. However, it doesn't accurately describe what happened. You might remember early Internet companies like Pets.com. That business went public at $11 per share in 2000... before it even figured out how to make money. The company famously sold pet supplies online for less than it paid to get those supplies. Less than a year later, Pets.com was bankrupt. That's one of

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Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to more than $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor's degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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