This is a sceptical history of the internet/stock market boom. The author argues that the dot.com craze 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 the phrase "irrational exuberance", but this text 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. Technology provided the raw material for the boom, but that is only part of the story. This book describes and explains the all-too-human behaviour of the stock market bubble: how it got going; sustained itself for longer than anybody expected; and then, just when people were starting to think it might not be a speculative bubble after all, went pop.
- ISBN10 0061841781
- ISBN13 9780061841781
- Publish Date 13 October 2009 (first published 31 January 2002)
- Publish Status Transferred
- Publish Country US
- Publisher HarperCollins Publishers
- Imprint Collins
- Format eBook
- Pages 416
- Language English