Dot.con
Author | : John Cassidy |
Publisher | : |
Total Pages | : 395 |
Release | : 2003 |
ISBN-10 | : 0141006668 |
ISBN-13 | : 9780141006666 |
Rating | : 4/5 (666 Downloads) |
Download or read book Dot.con written by John Cassidy and published by . This book was released on 2003 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a sceptical history of the internet/stock market boom. John Cassidy argues that what we have just witnessed wasn't simply a stock market bubble; it was a social and cultural phenomenon driven by broad historical forces. Cassidy explains how these forces combined to produce the buying hysteria that drove the prices of loss-making companies into the stratosphere. Much has been made of Alan Greenspan's phrase irrational exuberance, but Cassidy shows that there was nothing irrational about what happened. The people involved - fund managers, stock analysts, journalists and pundits - were simply acting in their own self-interest.