The Internet Bubble: Inside the Overvalued World of High-Tech Stocks - And What You Need to Know to Avoid the Coming Shakeout
Anthony B. Perkins , Michael C. Perkins
Physical
In CirculationWhat will you learn from this book
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Excessive Valuations: The book likely explores how the stock prices of many internet-based companies became excessively inflated during the dot-com boom, driven by speculation rather than fundamentals.
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Hype and Speculation: It may discuss the role of media hype and speculative behavior in driving up the prices of technology stocks to unsustainable levels.
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Business Models and Fundamentals: The authors might emphasize the importance of analyzing the underlying business models and financial fundamentals of companies, especially in the technology sector.
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Investor Sentiment: The book may delve into the psychology of investors during the dot-com bubble, highlighting the exuberance and irrational exuberance that characterized that period.
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Market Correction: Given the title, the authors likely discuss the subsequent market correction and the bursting of the dot-com bubble, which led to significant losses for investors.
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Lessons for Investors: The book might provide insights and lessons for investors, focusing on what individuals and institutions can learn from the mistakes made during the dot-com era.
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Survival Strategies: It may offer advice on how investors and businesses can navigate periods of market volatility and economic downturns, drawing from the experiences of the dot-com bubble.
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Regulatory Responses: The authors might discuss the regulatory responses that followed the dot-com bubble, including changes in accounting practices and increased scrutiny of financial reporting.
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Impact on Innovation: The book may explore the lasting impact of the dot-com bubble on the technology sector, including its influence on innovation, investment strategies, and entrepreneurship.
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Long-Term Perspective: The authors might encourage readers to adopt a long-term perspective and prudent investment strategies, steering clear of speculative bubbles and short-term market fluctuations.
| Language | English |
|---|---|
| ISBN-10 | 9780066640006 |
| ISBN-13 | 9780066640006 |
| No of pages | 304 |
| Font Size | Medium |
| Book Publisher | HarperBusiness |
| Published Date | 03 Nov 1999 |
About Author
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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.