With stocks reaching unprecedented highs during the Internet Bubble, analysts often had to convince investors that all the money they had poured in was “worth it”.     The result was a variety...

In Yesterday’s post we dealt with Bubbles and the ‘greater fool’ paradigm that almost always tends to operate in the case of financial bubbles. We also dealt briefly with Financial Pornography....

Most bubbles that financial history has seen have been associated with some new technology or with some new business opportunity. The internet was associated with both.     The internet represented...