Hacker News·5 min read·hard
Nvidia's Risky Business
J
jonbaer
✦AI Summary
This article uses the historical failure of the Northern Pacific Railway and Jay Cooke's financing tactics as a cautionary tale for modern tech bubbles. It draws parallels between 19th-century railroad speculation and current market enthusiasm for companies like Nvidia.
On January 1, 1870, Jay Cooke, hailed as an American hero for his role in financing the Union effort in the Civil War, signed a contract that would, if you squint, lead to world war.
businesstechnologyculture
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