FYI: The mid-to-late 1990s in Major League Baseball saw a huge uptick in home runs as steroid use became rampant. Records were being shattered every year as everyone ignored how huge these guys were all getting during a time when there was basically no drug testing.
The steroids era in baseball coincided with something of a steroids era in investing during that same time frame. The S&P 500 was up by 20% or more for 5 straight years from 1995-1999. The NASDAQ Composite was up similarly from 1995-1997 and then shot up almost 40% in 1998 then another 85% in 1999. Venture capital benefitted mightily from the dot-com boom, as well.
Regards,
Ted
http://awealthofcommonsense.com/2017/07/whats-your-track-record/
