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Internet Bubble, The
The spectacular Bull Market in high-tech stocks is the investment story of the decade.
The numbers are astonishing. The Internet boom has created new household names such as Yahoo, Amazon, and America Online -- companies that today command billions in market value. Internet startups like Healtheon and eBay have seen their stocks sky-rocket over 3000 percent since their IPOs, and dozens of other Internet stocks have doubled, tripled, and even quadrupled on their first day of trading.
Here is a market where:
entrepreneurs like the thirty-something founders of Yahoo and Amazon become global billionaires overnight;
money-losing startups command market valuations that make the captains of traditional industry cry their hearts out and tremble with competitive fear;
and venture capitalists and investment bankers cash in big on companies barely out of the cradle.
But individual retail investors -- the outsiders in this turn of the century roulette game -- are left to foot the bill, paying exorbitant prices for stocks that will end up diving off a cliff.
TheInternet Bubble is the story of the turbulent world ofhigh-tech stocks, a place where fortunes aremade and lost in a day. This book uncovers the innerworkingsof an industry that increasingly thrives ongreed and hype. It shows who is really getting rich, and how they use small investors to finance their empires.
Silicon Valley insiders Anthony and Michael Perkins provide a behind-the-scenes look at the forces -- and the people -- stoking the money engine in the technology stock market. They show how the allure of fast-paced innovation and overnight success has driven an ongoing market frenzy around Internetstocks, creating what they call an "Internet Bubble." Most important, the authors show that, when the Bubble inevitably bursts, Main Street -- not Wall Street -- will take the big hit, unless individual investors take steps to protect themselves now.
This is a book that will make every investor in America think twice before chasing the latest "hot" Internet stock.
The numbers are astonishing. The Internet boom has created new household names such as Yahoo, Amazon, and America Online -- companies that today command billions in market value. Internet startups like Healtheon and eBay have seen their stocks sky-rocket over 3000 percent since their IPOs, and dozens of other Internet stocks have doubled, tripled, and even quadrupled on their first day of trading.
Here is a market where:
entrepreneurs like the thirty-something founders of Yahoo and Amazon become global billionaires overnight;
money-losing startups command market valuations that make the captains of traditional industry cry their hearts out and tremble with competitive fear;
and venture capitalists and investment bankers cash in big on companies barely out of the cradle.
But individual retail investors -- the outsiders in this turn of the century roulette game -- are left to foot the bill, paying exorbitant prices for stocks that will end up diving off a cliff.
TheInternet Bubble is the story of the turbulent world ofhigh-tech stocks, a place where fortunes aremade and lost in a day. This book uncovers the innerworkingsof an industry that increasingly thrives ongreed and hype. It shows who is really getting rich, and how they use small investors to finance their empires.
Silicon Valley insiders Anthony and Michael Perkins provide a behind-the-scenes look at the forces -- and the people -- stoking the money engine in the technology stock market. They show how the allure of fast-paced innovation and overnight success has driven an ongoing market frenzy around Internetstocks, creating what they call an "Internet Bubble." Most important, the authors show that, when the Bubble inevitably bursts, Main Street -- not Wall Street -- will take the big hit, unless individual investors take steps to protect themselves now.
This is a book that will make every investor in America think twice before chasing the latest "hot" Internet stock.
- GenresBusinessTechnology
283 pages, Hardcover
First published November 1, 1999
1 person is currently reading
125 people want to read
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Displaying 1 - 3 of 3 reviews
January 17, 2024
An international bestseller
It was translated into Japanese, Mandarin, and German, among other languages.
-------------------
Deja Vu (5/2022-2024)...
The crypto bubble has popped. Crypto fans had a fun ride, powered by exuberant risk taking in an era of low interest rates. But now the car is coming down the other side of the roller coaster. As fear and interest rates spike, investors are selling off their positions and billions of dollars of value are being erased from the industry. By one estimate, more than $200 billion of stock-market wealth has been destroyed within crypto alone, in just a matter of days. The bursting of the crypto bubble seems quite reminiscent of the dot-com bubble of 2000, when the Nasdaq crashed and the effects reverberated throughout the economy, wiping out retail investors and pulling down business investment .
-The Atlantic
============
The Daniel Kahneman book "Thinking, Fast and Slow," came out in 2011. I've read it 3x. On the first read, there was this moment of epiphany about how our book, "The Internet Bubble," was essentially a work of behavioral economics, which Kahneman champions. Unlike Alan Greenspan, for example, we factored in the irrational in human nature and rejected classical market economic assumptions. We also did the math.
===========
I coauthored this book and wrote 90% of it. It was a contrarian bestseller, on the Business Week list for six months, in which only about 1% agreed with us. But we were right. Our forecast six months before the tech stock bubble popped came true, as my brother liked to say the day before our taxes were due, April 14, 2000.
This published review succinctly shows the math that proved our thesis.
https://bookandfilmglobe.com/nonficti...
Our book was once a forecast, but is now a case study. And still required reading at Stanford.
This dynamic is worth understanding because when other financial bubbles, such as bitcoin come along, you can recognize them immediately and avoid getting burned.
It seems many "reviewers" below have missed this point entirely, to their peril.
====================
"It has now become clear that the great run up in Internet stocks was a bubble. But in the middle of the bubble who had the courage to say so at the time, and to write a book so arguing. The answer is Anthony B. Perkins and Michael C. Perkins, writers for the investment magazine Red Herring. Their book is titled The Internet Bubble (Harper Business, 1999)"
-Questia Magazine
==========
WSJ: crypto became a libertarian scam
https://www.goodreads.com/author_blog...
It was translated into Japanese, Mandarin, and German, among other languages.
-------------------
Deja Vu (5/2022-2024)...
The crypto bubble has popped. Crypto fans had a fun ride, powered by exuberant risk taking in an era of low interest rates. But now the car is coming down the other side of the roller coaster. As fear and interest rates spike, investors are selling off their positions and billions of dollars of value are being erased from the industry. By one estimate, more than $200 billion of stock-market wealth has been destroyed within crypto alone, in just a matter of days. The bursting of the crypto bubble seems quite reminiscent of the dot-com bubble of 2000, when the Nasdaq crashed and the effects reverberated throughout the economy, wiping out retail investors and pulling down business investment .
-The Atlantic
============
The Daniel Kahneman book "Thinking, Fast and Slow," came out in 2011. I've read it 3x. On the first read, there was this moment of epiphany about how our book, "The Internet Bubble," was essentially a work of behavioral economics, which Kahneman champions. Unlike Alan Greenspan, for example, we factored in the irrational in human nature and rejected classical market economic assumptions. We also did the math.
===========
I coauthored this book and wrote 90% of it. It was a contrarian bestseller, on the Business Week list for six months, in which only about 1% agreed with us. But we were right. Our forecast six months before the tech stock bubble popped came true, as my brother liked to say the day before our taxes were due, April 14, 2000.
This published review succinctly shows the math that proved our thesis.
https://bookandfilmglobe.com/nonficti...
Our book was once a forecast, but is now a case study. And still required reading at Stanford.
This dynamic is worth understanding because when other financial bubbles, such as bitcoin come along, you can recognize them immediately and avoid getting burned.
It seems many "reviewers" below have missed this point entirely, to their peril.
====================
"It has now become clear that the great run up in Internet stocks was a bubble. But in the middle of the bubble who had the courage to say so at the time, and to write a book so arguing. The answer is Anthony B. Perkins and Michael C. Perkins, writers for the investment magazine Red Herring. Their book is titled The Internet Bubble (Harper Business, 1999)"
-Questia Magazine
==========
WSJ: crypto became a libertarian scam
https://www.goodreads.com/author_blog...
March 30, 2013
An optional-read book on managing technology for managers, executives, and entrepreneurs.
September 27, 2009
The best part was the appendix showing how overvalued certain objects are
Displaying 1 - 3 of 3 reviews