{"id":1027,"date":"2005-08-31T16:01:00","date_gmt":"2005-08-31T21:01:00","guid":{"rendered":"http:\/\/martinepage.com\/wp\/2005\/08\/31\/punch-drunk-frivolity\/"},"modified":"2005-08-31T16:01:00","modified_gmt":"2005-08-31T21:01:00","slug":"punch-drunk-frivolity","status":"publish","type":"post","link":"https:\/\/www.martinepage.com\/blog\/2005\/08\/31\/punch-drunk-frivolity\/","title":{"rendered":"Punch-drunk frivolity"},"content":{"rendered":"<p>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 <a href=\"http:\/\/netscape.fool.com\/news\/commentary\/2004\/commentary04112401.htm\">Henry Blodget<\/a> and some of the <a href=\"http:\/\/www.forbes.com\/2003\/01\/06\/cx_da_0106topnews.html\">famous things he said<\/a> in 1999.<\/p>\n<p>Strange coincidence: Blodget just published an article in the New York Times today called <a href=\"http:\/\/www.nytimes.com\/2005\/08\/30\/opinion\/30blodget.html\">Irreplaceable Exuberance<\/a>. It&rsquo;s worth a read if you are curious about the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Dot_com\">dot-com<\/a> era and its impact today:<\/p>\n<blockquote><p>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 &#8211; the arrogance and punch-drunk frivolity that come with easy money &#8211; it misses the big picture. It also implies that had we only been smarter and more disciplined in the late 1990&rsquo;s, we could have spared ourselves the pain and embarrassment that followed. History suggests otherwise.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip; <a class=\"more-link\" href=\"https:\/\/www.martinepage.com\/blog\/2005\/08\/31\/punch-drunk-frivolity\/\">Continue reading <span class=\"screen-reader-text\">Punch-drunk frivolity<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/posts\/1027"}],"collection":[{"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/comments?post=1027"}],"version-history":[{"count":0,"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/posts\/1027\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/media?parent=1027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/categories?post=1027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.martinepage.com\/blog\/wp-json\/wp\/v2\/tags?post=1027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}