I did some research on the Web today, looking for the ultimate quote to show the wild optimism of the dot-com boom of the late nineties. I started reading up on Henry Blodget and some of the famous things he said in 1999.
Strange coincidence: Blodget just published an article in the New York Times today called Irreplaceable Exuberance. It’s worth a read if you are curious about the dot-com era and its impact today:
TEN years ago this month, the initial public offering of the Internet pioneer Netscape set off a dot-com boom that today is usually viewed as a sort of financial kindergarten recess, a regrettable free-for-all of idiocy and greed. Although this view does capture an aspect of the period – the arrogance and punch-drunk frivolity that come with easy money – it misses the big picture. It also implies that had we only been smarter and more disciplined in the late 1990’s, we could have spared ourselves the pain and embarrassment that followed. History suggests otherwise.
