[sosborn]

A great example is the DotCom bubble. Wiped out a lot of capital but it really did transform the world.

[jonwinstanley]

But also, a lot of the dot com companies that people invested in in 1999 went bust, meaning those specific investments went to zero even if the web as a whole was a huge success financially.

[RyanOD]

Sure...that's why it's important to diversify investments. For every Pets.com, hopefully you have a Google in your portfolio.

Or, you skip all that and just put it all in an S&P 500 fund.

[bigstrat2003]

Yeah, but unlike LLMs the Internet was an actual useful technology.