Dot.Con
John Cassidy
This work describes and explains the all-too-human behaviour of the stock market bubble: how it's going; how it has sustained itself for longer than expected; and then, just when people were starting to think it might not be a speculative bubble after all, went pop.
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Posted by mdixoncm@drupal.org (1 year ago ) I'm about half way through this at the moment, and I'm not sure what to make of it. You can tell the book is written with the "what were those foolish people thinking" attitude.
Which is fair enough, except that some of the key ideas that the book is almost mocking (the main one being how the early internet companies were valued on the premise that they initially lose a lot of money, but that becoming a big internet brand would eventually be priceless) actually turned out to be true - especially for companies such as Amazon.
But then hindsight is a marvellous thing, and for every Amazon I guess there were 100's of boo.coms :) ... and perhaps I should finish the whole book before passing judgement ...
Posted by psyche@abctales.com (1 year ago ) I found a lot of this interesting as I was reporting on the dotcom boom and bust at the time but without a lot of knowledge of the wider economics that were driving it. However, there were a few typos and mistakes, which were annoying. It is very much concentrated on the US side of things, not much about what was happning in the UK. While readin git I had an ongoing fantasy about going back in time and playing the stockmarket with this book in my hand...
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A British family company, the Wopulds,... said hadley@abcta...