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1/25. Let's keep going with a comparison of the dot com crash & today, but this time looking through the eyes of Microsoft. At the dot com 1999 zenith, $MSFT was world's largest market cap company, & pre-pandemic it was back in that position again.
visualcapitalist.com/a-visual-histo…
visualcapitalist.com/a-visual-histo…
2/25. For a time in early 2000, Cisco took No 1, & obviously Apple has powered past it now. But unlike those 2 companies, Microsoft was a colossus in the tech bubble then, & the tech bubble now. Before we try to get into management's head circa 1999, let's look at some numbers: 
3/25. As the dot com bubble progressed, Microsoft's market cap exploded upward to reach a peak of $614 billion on 27th December 1999. Using the Fed's GDP deflator, $614 billion then is equivalent to a little over $1 trillion now.
fred.stlouisfed.org/series/GDPDEF
fred.stlouisfed.org/series/GDPDEF
