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.
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Speaker
Jeremy GranthamEvidence 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 history— CNBC TelevisionCreated: 7/5/2026, 11:28:50 PM
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