The mania in tech stocks today far exceeds the 2000 bubble. Going forward, for the next decade or longer, returns on large-cap tech stocks will be well below average. And for investors who pile into tech stocks today, the results will be catastrophic.
You see, while stocks do well on average and over time, those averages hide an important reality: There are great times to be a buyer of stocks, and there are terrible times to be a buyer of stocks.
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