The whole experience the last few years has taught me a valuable lesson about how simple and reactive all of these tech companies are. No one really knows what they are doing. Other than a very few special people, most of the leaders at these major tech companies are not super-geniuses. They are human like the rest of us and subject to all that it means... Irrational, over-reactive, subject to the whims of the stock market, etc...

I was a young kid during the dotcom bubble and in highschool during the '08 downturn so I wasn't really aware of the macroenomocic trends in the industry then, but now that I am older and deeply invested in the tech economy it's so obvious.