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Louie Bacaj @LBacaj · Apr 8, 2023
  • From Twitter

And this phenomenon seems to occur in many dominant industries at their peak. Could be a signal of the end. Wall St. did the exact same thing in their hay day, in the 80s, right before the dive. Michael Lewis has a wonderful book on this. The parallels to Big Tech are uncanny.

Book 1989
Liar's Poker
by Michael Lewis
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