What were the mistakes of the days of dot-com mania?

More money must be coming in than is going out. Just common sense.

The high rollers spend all of the venture money and then leave the troops holding the bag.

Even Amazon.com is going to come crashing down if they don't control the comings and goings of their cashflow. If you have a hole in your bucket, it will empty the bucket. You may be able to keep it full by pouring in more water faster than it is leaking out, but once you stop adding water, the bucket will run dry.

Kind of like the monetary policy of some governments...the difference is that they can print the stuff when they need more! I'd go to jail if I tried that myself...

The bottom line is the bottom line.

JDB


The bottom line on auctions...