Some great stuff in this issue.
This I think about a lot especially in the context of SEAsia:
4/ Finally, I was struck by how all the companies mentioned in the “bubble” pieces – often in reaction to the sticker shock of what seemed like a large valuation back then – went on to bigger and bigger valuations as time went on, often many times over. Which leads me to wonder:
a) why did so many commentators miss the growth that was going to happen to these companies?
b) is the same mistake being made now in the narrative around valuations?
Now I want this book :: Loonshots.
I am still struggling to like OA. 😉