Yeah…. this pretty much sums it up nicely:
Question is, how much will you lose this time around? Fortunately I’m too poor to invest money in any of it.
(Oh, and that Boeing 767 Google Jet they show in the video? It’s real.)
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7 Responses to “*POP*”
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ah the follies of man
i learned my lesson with Tulipmania.
Urspo’s last blog post..Making a List, checking it twice?.
In 1982, a then neophyte JdEB sat in a Palo Alto cafe talking to a thin pale man with the biggest glasses he had ever seen about the future. The thin man was talking about the possibilities of a computer program he had written and that the giants IBM and Remington Rand were going to fall because of it. His goal? To put a computer in every home in the world and make it a necessity like a refrigerator or a stove. There were five of us listening to him - young businessmen with a lot of cash due to the building boom in Santa Clara County, CA - I was a General contractor that did commercial finish outs - and we were all very young. Anyway, I told this guy - his name was Bill Gates - that I thought that he was crazy, and who was going to want a computer in their house? The rest as they say, is history. Gates went on to be the richest man in the world, and I…well, I live in a small town in East Texas.
I don’t have a whole lot of vision about the future of technology. I thought that touch tone telephones were about pretty cool when they came out.
J
Got no idea…
Love the video. Genius.
David’s last blog post..Ho-Ho-Ho-Pitch
Great video. Myself, I’m not one of the “I never saw it coming” people. I’m more of a true technophobe: I see much of what the lightspeed development of technology is doing to human life, and I’m afraid and saddened.
Beyond the eventual economic repurcussions of selling the intangible, we have people who can use technology but know next to nothing about history, ethics, philosophy, or even their own motivations. They throw themselves up onto YouTube or FaceBook without bothering to fix relationships in the real world or question their own insecure need for attention. We have society where it’s common to chat with people around the world but not know the guy living in the next apartment.
And not only can we now take action without really having time to think about it, there are many people who don’t see the NEED to think about it. And many who look down on people who think too much.
(Uh, sorry, Scott. This is probably another of my too-long, too-rambling comments. This time, I apologize in advance.)
MikeEllis’s last blog post..THIS WEEK’S QUESTION #3
Looks about right. I figure for us paupers, this is what we do:
- Gather our pennies.
- Then when THIS bubble bursts, start scouring around for the NEXT big thing to be born.
- Invest in that.
- Then, always expect that THAT bubble will burst as well - and act accordingly.
- We can hire advisers to help keep an eye on it all, cause we’ll all be rich then!
Your Welcome.
atari_age’s last blog post..Gay panic and HNT
Pretty clever… and probably true. We almost didn’t see it coming, but there has to be another bubble burst soon. Luckily (like you) I haven’t invested much in it this time either.
I especially liked the “blue shirts, khaki pants, look just like a row of ants” line. SO true.
RcktMan’s last blog post..Merry Christmas everyone!