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Chapter 2. Pipedreams and Big Lies > Red Flag 5: Journalists Are Often Wrong in...

Red Flag 5: Journalists Are Often Wrong in Predicting the Success of a Deal or Product

Investors should understand that journalists can get swept up in any mania as much as anybody else, especially since some of our news sources were off with the new paradigm fairies. Many journalists were themselves wondering in 1998–2000 whether they should be seeking their fortunes in dot-com land, and indeed, some made the switch.


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