Amazon fell 92% after the 2000 tech bust — having risen sixfold beforehand — and then went on to 'inherit the earth,' illustrating that even eventual winners can devastate investors during the bubble collapse.

factualpending

Speaker

Jeremy Grantham

Evidence Quote

Amazon in 2000 came down 92%. It had gone up six times, it came down 92% and then inherited the earth.

Source

Billionaire investor Jeremy Grantham: This is the most expensive market in American historyCNBC Television
Created: 7/5/2026, 11:28:50 PM

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