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The anti-bubble of 2001-2004
- Semiapies 16y agoI think "internet money" was stuff like Flooz.
- deleted 16y ago[deleted]
- rflrob 16y agoThey laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown. -- Carl Sagan, Broca's Brain The final message of the article is "When the mocking gets the loudest, double down on your investments.", but that only applies if you think your investments are the right ones.
- btmorex 16y ago"""Us old timers remember 2001-2004 when anything related to the internet was ridiculed as a ponzi scheme. The conventional wisdom was no internet company would ever make money and all the ideas of the dot-com boom were stupid.""" No one was saying that in 2001-2004. People were saying, "Man, we made some stupid investments in 1999." There's a world of difference between the two.
- AlfaWolph 16y agoPlus, he misidentifies his 'eggbrain computers' example as newegg when it clearly is a reference to Egghead Software who did go for a pure virtual storefront/auction site and failed anyway.
- nkassis 16y agoA little bit of selective choosing. For all these winner ideas there is at least 20 failed ideas. Not saying that investing in internet companies in 2001-2004 was a bad idea, it just wasn't as great as the author is portraying it.
- wazoox 16y agoAnd for each winner idea there is one successful implementation still thriving, versus 1000 failed attempts.