I don't think anyone was trying to predict the future direction of the market and the massive boom we had since 2003.
I sure was, that's why I got into domaining; and that’s why I bought a lot of nice VCVC's years ago. I was predicting the future; and I'm glad I did; the variables all added up correctly. You and I can look at the same exact variables and come up with completely different predictions.
I paid reg fee for about 30 nice VCVC’s about three years ago, since then, nothing in my portfolio has done as well as the LLLL.com investments I made. I’ve had a few kick ass sales (one or $18,500, and you guessed it, it was a LLLL.com), but overall, no other area of my portfolio has performed as well; and I’m very diversified with domains.
If you don't predict properly, you loose; if you predict well, you win. Those who predicted that LLLL's were a worthy investment, predicted correctly. The fact that the LLLL.com will never go back down to reg fees, closes the book on this case; high or low, that chapter is closed.
History can be a beautiful tool, it offers an outline for those who study trends. When you say that you don’t think anyone was trying to predict the future, you’re wrong. I am, somebody.