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- Wall Street Already Ran This Playbook in 1999
Wall Street Already Ran This Playbook in 1999
The dot-com crash began with the index chasing the hottest stock on the market. Sound familiar?
Teeka Tiwari & Houston Molnar
June 05, 2026
If you’ve spent the last year feeling like the only person you know who isn’t getting rich, you’re not alone.
I hear the same thing constantly from friends, family, even strangers on the street when they find out what I do for work. It comes out as an almost embarrassed confession: “Everyone around me is making money on AI stocks. Am I doing something wrong?”
Let me say this plainly.
Sitting out a mania is one of the hardest things you will ever do as an investor. You will feel left behind. You will start to wonder whether the rules you’ve always trusted – buy quality, don’t overpay, don’t chase the crowd – have stopped working.
They haven’t.
And I can show you why… Because we’re about to watch the same playbook unfold again. The last time it happened, the people who refused to chase looked foolish for about a year. Then they looked like geniuses.
They’ve Run This Play Before