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Tech was pretty hot in '99 too. If the next dotcom hits and your tech portfolio loses 90% of its value in the next two years, what will your real returns be?

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With the risk increased by holding mostly software and 1 hardware company. It's basically putting all eggs in one basket.

Still higher than if I had invested in an index fund gaining 8% per year for the past decade.

To outperform 8% a year after a 90% drop, you would need to have made 35% for a decade. Are you actually earning that much?

Sp500 over the past decade has earned 14%. Would you stil be up? That means you earned 43% a year for a decade?

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