Post by Noah Smith: This thread is excellent, but I do feel that it needs to be introduced with a meme. - Upcarta

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Noah Smith @NoahSmith · Jun 18, 2022

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This thread is excellent, but I do feel that it needs to be introduced with a meme.

Tweet Jun 15, 2022

Having survived two previous market resets (2001, 2009), people frequently ask me how this 2022 market reset is different and how it is the same. The obvious similarity is that valuation multiples have collapsed. We went from a "glass very full" mind

by Bill Gurley

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