During the 1990's we had the dot-com boom, where people were using money and this wicked new invention called the internet to try and make a bit of cash, and boy did they ever! People were starting up internet based companies to try and sell anything and everything, and some of them are still successful today, just look at Amazon.com or EBay. But a lot of these companies, after the initial flurry of excited traders and investors lost a lot of people a lot of money and when the dot-com bubble eventually burst in the early 2000's over 5 trillion dollars... Yep that's right, trillion, was lost.
But did people learn their lesson? Nope. Now it seems we have moved past the excitement of internet start up companies, and moved onto the technology surrounding the internet, with companies like Samsung, Apple and Microsoft pumping out gadgets, each trying to outdo the other. People seem to have moved beyond investing in the internet itself and moved onto the technology surrounding it in hopes that the piece of technology they choose to invest in will be the next big thing, that it will be the product that will knock Apple's socks off, that they will male millions. I guess the questions become 1) Will this technological boom equal the dot-com era.... and I doubt it to be honest, we are just pulling ourselves out of a recession and with investments crumbling and going into receivership every which way people are being a lot more cautious with how they choose to spend. However, 2) those that do invest, will they have learnt their lessons from what has happened to so many people before them.... Again, im thinking no because let's face it. It doesn't take much effort to part a fool and their money, and money can make people extremely foolish.
Saturday, October 2, 2010
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