[sambeau]

http://www.paulgraham.com/bubble.html

Saw this on SlashDot and thought I'd share it with you. As someone who has worked on the fringes of ythe Dotcom world for a few years I found it really interesting.

Discuss..

[turtle777]

Originally posted by sambeau:
Saw this on SlashDot and thought I'd share it with you. As someone who has worked on the fringes of ythe Dotcom world for a few years I found it really interesting.

Thanks. Interesting read.

I can see our kids asking us 20 years from now: "Dad, at school, we learnt about the dotcom bubble in the late 90ies. Did the people really believe in that ?"



-t

[Zimphire]

Ah yes... over-inflated tech stocks.

What is there not to believe in? It was factual.

[turtle777]

Originally posted by Zimphire:
What is there not to believe in? It was factual.

Making big bucks, no risk, it will never end.
It is factual that this was NOT the case...


-t

[Zimphire]

Originally posted by turtle777:

It is factual that this was NOT the case...

Wait, are you trying to say the tech stocks weren't over-inflated?

[turtle777]

Originally posted by Zimphire:
Wait, are you trying to say the tech stocks weren't over-inflated?

No, I wasn't talking about that.
I was talking about people's false confidence that there was NO over-inflation and that everything would just go it's jolly way.

-t

[Zimphire]

Ah.. ok.

That over-inflation was one of the reasons we had a great economy during that time though.

It never lasts. When those stocks bust, so does the economy.

We saw that just recently.