It Took 25 Years to Break Even… One Rule Would Have Fixed That
On March 27, 2000, Cisco Systems (CSCO) closed at $80.06 a share. That day, it was the most valuable public company on Earth. Two days earlier, it had passed Microsoft (MSFT), reaching $579.2 billion compared with MSFT’s $578.2 billion. Everyone owned it. Pension funds owned it. Index funds owned it. Your neighbor owned it and told you about it over the fence.
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