"The dot-com boom and bust had no huge capital expenditure in that cycle," Damodaran said. "When the bust came, shareholders lost 60%, 70%, 80% or 90% of their money. The loss was restricted to the shareholders."
Renowned valuation expert Aswath Damodaran explains key characteristics of the dot-com boom and bust. He notes the period was marked by an absence of huge capital expenditure, contrasting it with potentially different cycles. During the bust, shareholders bore the brunt, losing…
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