Thursday, June 15, 2006

QOTD "Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one." Charles Mackay. [Quotes of the Day] Mackay was the author of a remarkable book that described the Internet bubble. . . nearly 160 years before it happened. Extraordinary Popular Delusions and the Madness of Crowds is a masterpiece that examines such earlier "irrational exuberance" as the Mississippi Scheme, the South-Sea Bubble, and Tulipomania. Read it before you decide that the crash of 2000+ was a one-time deal. 9:22:45 PM    Questions? Comments? Flames? []

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