Neil Mix

Neil’s law:

The size of the bubble is directly related to the number of experts claiming there is no bubble.

Now, I won’t say that we’re going through the exact same thing we did last time. It does appear a few lessons have been learned. But seriously, not every site that attracts a devoted following is going to be capable of generating huge returns using advertising revenues. So there’s going to be fallout. And when that happens, jobs will be lost. It’s a cycle; it’ll happen. It always does.

The amazing thing about market euphoria is the way it tricks people into thinking “This time it’s different! The rules have changed!” As if value can increase unimpeded forever.

That’s not to say we need to be all doom-and-gloom. It’s a fun ride — enjoy it! Just try not to lose your shirt over it. And if you do, enjoy it anyway! You only get a few such opportunities in a lifetime.

This entry was posted on Sunday, October 28th, 2007 at 11:38 am and is filed under Business.