Originally Posted by gainerama
I'd go back to year 2000. I'd dump my Nortel stock and not lose $20k. Buy a ton of oil stocks and become wealthy. And not co-sign a student loan for my idiot brother-inlaw which will default later. I would also quit my job at the bank 6 years earlier and make more money in my current field.
Wow... you sound just like one of my old roomates.
None of which knew spit about hockey... otherwise, I'd have to ask.
Actual story: Summer of 2000.
It is my 2nd last semester of University (Waterloo), 4A.
I have three roommates.
Two are electrical engineers.
One is in computer science.
And me... (civil engineering).
So... both of the electrical engineers are all thumping their chests about their enormous worth of Nortel stock. Both had spent co-op terms working at Nortel. One just came off a workterm there, the other at Cisco. And the CS guy also owns Nortel stock. It was a thing. If you were any person of importance in the Waterloo-tech-scene... you owned Nortel stock.
That summer, we were all discussing the stock market one day. These guys being completely on-board that the tech sector was the real deal, that it wouldn't fizzle out, that Nortel would be a big player forever. I said to them "I don't know... you guys don't seem to give enough consideration to energy sector. It's a depleting resource and there's some pretty good technology there to make it valuable." Nah, they said. Nortel was the bomb. I told them "I don't know... within a few years the internet/cell-phone sector is going to be saturated and growth will stagnate. Competition alone & consistent emergence of new young minds is going to forever change the leaders in the industry".
To this day... whenever I see them... I (the civil engineer) says "How's that Nortel stock doing?".
Anyways, I love time travel discussion.
I'd probably go back to the late 60s.
So much good music, drugs, sex.
An emerging world that you'd already know a lot about.
I mean... if I'm going back in time... I want to party like it's 1969.