Having survived two previous market resets (2001, 2009), people frequently ask me how this 2022 market reset is different and how it is the same. The obvious similarity is that valuation multiples have collapsed. We went from a "glass very full" mind

Noah Smith @NoahSmith · Jun 18, 2022

This thread is excellent, but I do feel that it needs to be introduced with a meme.

Tweet Jun 15, 2022

by Bill Gurley

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