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ah, CMGI. They even had a stadium named after them and their CEO David Weatherall (?) was hailed as a visionary while Warren Buffett was a washed-up has-been. Why wasn't Warren cheerleading his stock when it was going down? Why wasn't he taking a page from the CMGI playbook?

I remember the "discussions" well. I even bought $2500 of CMGI, watched it double twice and took my $7500 profit and let an additional $500 ride. It nearly doubled again before it began falling...and falling...and falling. I considered that $500 a play money lottery ticket. I'd taken my stupid, lucky profits and didn't much care. But it went to zero.

I knew the entire time I was gambling. I would've grabbed back my original $2500 investment much quicker but it double-doubled so quickly I didn't have the chance. Lucky for me.

I hope others from that crazy, irrational time took their profits and didn't lose their shirts. But surely some did.

SD
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