Download Dot.Con by John Cassidy PDF

By John Cassidy

It is a sceptical historical past of the internet/stock industry growth. the writer argues that the craze wasn't easily a inventory marketplace bubble; it used to be a social and cultural phenomenon pushed by way of extensive old forces. Cassidy explains how those forces mixed to provide the deciding to buy hysteria that drove the costs of loss-making businesses into the stratosphere. a lot has been made from the word "irrational exuberance", yet this article indicates that there has been not anything irrational approximately what occurred. the folks concerned - fund managers, inventory analysts, newshounds and pundits - have been easily performing of their personal self-interest. expertise supplied the uncooked fabric for the increase, yet that's basically a part of the tale. This ebook describes and explains the all-too-human behaviour of the inventory marketplace bubble: the way it obtained going; sustained itself for longer than anyone anticipated; after which, simply while humans have been beginning to imagine it may well no longer be a speculative bubble in the end, went pop.

Show description

Read or Download Dot.Con PDF

Best investments books

The Vigilant Investor: A Former SEC Enforcer Reveals How to Fraud-Proof Your Investments

Making sound investments is difficult sufficient with no need to fret approximately unscrupulous monetary advisers and outright frauds. yet lately reinforced legislation aren't adequate to prevent the "professionals" cause on benefiting from - or simply undeniable stealing - your cash. As an Enforcement department leader on the Securities and alternate fee, Pat Huddleston witnessed numerous humans lose their existence reductions to reckless stockbrokers and fraudulent schemes.

Wire Yourself For Wealth: Discover Your Money Genius Profile to Effortlessly Create More Wealth

Have you questioned how a few humans simply appear to be stressed out for wealth, whereas others spend their complete lives suffering for cash? have you ever been looking for that magic formulation that can assist you ultimately develop into prosperous past your wildest desires? or even you simply are looking to get to where the place you could dwell lifestyles by yourself phrases, with no need to fret approximately cash?

The Handbook of Portfolio Mathematics

"For the intense investor, dealer, or funds supervisor, this ebook takes a lucrative investigate sleek portfolio idea. Vince introduces a leverage-space portfolio version, tweaks it for the drawdown chance, and supplies a solid version. He even presents equations to maximise returns for a selected point of threat.

Go Pro: 7 Steps to Becoming a Network Marketing Professional

Over 20 years in the past at a firm conference, Eric Worre had an aha second that modified his lifestyles ceaselessly. At that occasion he made the choice to head seasoned and turn into a community advertising specialist. for the reason that that point, he has enthusiastic about constructing the talents to do exactly that. In doing so, Eric has touched and been touched via thousands of individuals around the globe.

Additional resources for Dot.Con

Sample text

It was the third rate reduction in six weeks, and it worked. From then on, the stock market and the economy recovered in tandem. By the end of 1982, the Dow was trading above 1,000. The greatest bull market ever—one that would see the Dow rise more than tenfold and the Nasdaq rise almost thirtyfold—was under way. An entire generation of newborns would get their driver’s licenses before the stock market would see another lengthy downturn. High school students would go to college, get married, have children, and approach middle age to the accompaniment of a rising stock chart.

The early conventional wisdom was “content is king,” and this adage helped to fuel a bidding war for Paramount Pictures, one of Hollywood’s oldest film studios. 2 billion for Paramount. Two weeks later, QVC, a home-shopping network based in Pennsylvania, upped Viacom’s bid by more than a billion dollars. QVC’s main asset was its chairman, Barry Diller, a Hollywood executive with a well-earned reputation as a wheeler-dealer. The siege of Paramount lasted for six months and ensnared more than half a dozen other big companies.

AT&T teamed up with Viacom, the owner of MTV and Nickelodeon, to build a rival interactive television system in Castro Valley, California. , the nation’s biggest cable company, to set up a pilot system in Seattle. And US West, a Baby Bell based in Denver, combined with computer manufacturer Digital Equipment Corporation to launch a similar project in Omaha, Nebraska. This spurt of activity delighted the investment bankers on Wall Street, who helped to broker many of the deals. Whenever a new industry emerges, or an old one goes into decline, investment bankers rub their hands.

Download PDF sample

Rated 4.20 of 5 – based on 34 votes