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Comment by ArtTimeInvestor

The all time high of the Shiller PE was in December 1999.

If your hypothesis at that time was that the internet would benefit tech companies, it was not a bad time to invest:

Microsoft shares were $58. Now they are $510.

=> 9% annualized ROI.

Amazon was at $4. Now it is at $220.

=> 17% annualized ROI.

QQQ was at $89 and is now at $592

=> 8% annualized ROI.

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