First law of pensions:
Investors poured money into Internet startups during the s in the hope that those companies would one day become profitable, and many investors and venture capitalists abandoned a cautious approach for fear of not being able to cash in on the growing use of the Internet.
How the Dotcom Bubble Burst The s was a period of rapid technological advancement in many areas, but it was the commercialization of the Internet that led to the greatest expansion of capital growth the country had ever seen.
Although high-tech standard bearers, such as Intel, Cisco and Oracle were driving the organic growth in the t echnology sector, it was the upstart dotcom companies that fueled the stock market surge that began in The bubble that formed over the next five years was fed by cheap moneyeasy capital, market overconfidence and pure speculation.
Valuations were based on earnings and profits that would not occur for several years if the business model actually worked, and investors were all too willing to overlook traditional fundamentals.
Companies that had yet to generate revenue, profits and, in some cases, a finished product, went to market with initial public offerings that saw their stock prices triple and quadruple in one day, creating a feeding frenzy for investors. As investment capital began to dry up, so did the lifeblood of cash-strapped dotcom companies.
Dotcom companies that had reached market capitalization in the hundreds of millions of dollars became worthless within a matter of months. By the end ofa majority of publicly traded dotcom companies folded, and trillions of dollars of investment capital evaporated.The Financial Times celebrates 10 years since the Netscape IPO, which for many marked the beginning of the dotcom era, with a lengthy analysis piece on a decade of vast change.
The article points. 21 "But choose men of ability from all of the people. They must have respect for God. You must be able to trust them.
They must not try to get money by cheating others. 11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis By Michael Snyder. Well, the Nasdaq finally did it.
It has climbed all the way back to where it was at the peak of the dotcom . More disclosure: I have a bit of a bet riding on whether Shane Jones or Clare Curran is the first Minister to resign or be fired in the government, but this hasn’t affected my opinion on this issue, and I wouldn’t call for a Minister’s resignation just to win a bet, lol.
Update: I stand by my assessment of the Motley Fool (that investors as a group would be better off without it and the rest of the stock newsletter industry).But I couldn’t have been more wrong about the contributions Brokamp would make to Get Rich Slowly.
His articles have provided sound, helpful advice.
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