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- 416 pages
- 15 hours of reading
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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.
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Dot.con, John Cassidy
- Language
- Released
- 2003
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Dot.con
- Language
- English
- Authors
- John Cassidy
- Publisher
- Penguin Books
- Released
- 2003
- Format
- Paperback
- Pages
- 416
- ISBN10
- 0141006668
- ISBN13
- 9780141006666
- Series
- Tags
- Non-Fiction, Historical Themes, History, Business, Business & Management, Technology & Engineering, Computers & Internet, Economics, Technology, Finance, Internet
- Rating
- 3.85 out of 5
- Description
- 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.