Examining the New Bubble

abb_road writes "Whether or not we're in the midst of another boom-bust cycle in technology is a matter of fierce debate. BusinessWeek discusses what constituted that last bubble and looks at current trends to see if we're on the verge of a new one. From the article: 'The Great Bubble of the late '90s shaped a generation of Internet entrepreneurs and investors much as the Great Depression shaped a generation of economizers in the mid-20th century. 'The bubble generation is much more attuned to the fact that things can get really out of hand,' says Bill Burnham, a former partner at Mobius Venture Capital. 'There's a level of caution that has been ingrained.'"

Comments

Completely different!

[Otter]

The last boom was based on the principle that all stock prices were justified, regardless of whether any of them were profitable. The new boom is based on the principle that all stock prices are justified as long as Google makes some profit. Totally different reasoning.

Boy, people sure were stupid in the 90's, huh?

So I've missed another bubble?

[bogie]

I gotta fire my broker. Should I still be holding on to my Pets.com stock?

prayer

[denidoom]

"The bubble generation is much more attuned to the fact that things can get really out of hand," says Bill Burnham, a former partner at Mobius Venture Capital. "There's a level of caution that has been ingrained."

As I look out into the parking lot at the sea of import luxury cars and eat my free bagel on Free Bagel Friday, I say to myself,

I sure hope so dude. I sure hope so.