Bubble 2.0 or the Long Boom?

re: Bubble 2.0 or the Long Boom?

Joe — Mon, 26 Sep 2005 07:38:00 GMT

Your definition has me as a BB. I agree that one's experience -- and the resulting impact -- of Bubbles and Busts is relative to where someone's at in their life. (Indeed, isn't everything relative!)

So the GY had a heady rise and dashing drop around 2000, and has much time to get back on board and make up for whatever was lost. It's similar to the situation where it's better to be a more aggressive investor when you're young, because if such investments crash and burn, you still have time to recoup and retire well.

What hurt in 2000 is that a lot of BB got sucked in, both as investors and/or as particpants. I did both and have yet to recover.

My doubly whammy happened like this... Was about a year into a hanging out period after the software company I worked for as a senior manager was sold. I was deep into stock trading, and the stocks were dot coms. Lost my shirt. Ever since, have been trying to get back to work, but guess what?

We had a bit of a recession in Northern California, I'd been out of the market for awhile, and on the high side of 40. Each of these attributes contributed to making finding work difficult.

So I became a consultant. One man shop. Get gigs here and there, but, trust me, this is not a career enhancing move.

The bottom line is that depending where you were in life, you may very well still be wet from that ole Bubble bursting 5 years ago.

End of my comment -- but, I hope -- not of my story. Tomorrow's another day.

re: Bubble 2.0 or the Long Boom?

Richard MacManus — Mon, 26 Sep 2005 10:43:26 GMT

I'm Gen X and I was kind of hit by the first bubble, in that I worked at a global telecomms company that hit on hard times due to the downturn - and they sacked almost the entire New Zealand office and moved operations to aussie. Maybe a mix of dotcom and being in a tiny country :-)

Anyways, I'm far more involved in dotcom II (aka Web 2.0) - so am enjoying the ride so far!

re: Bubble 2.0 or the Long Boom?

Steve — Mon, 26 Sep 2005 18:02:54 GMT

I definitely side with the "ideas are ten-a-penny, great execution and people are few-&-far-between" ethos.

Many of those companies that survived also had a great handle on being able to identify/define/understand/empathize-with their customer base and mercilessly focus on servicing their needs.

re: Bubble 2.0 or the Long Boom?

Aaron — Tue, 27 Sep 2005 16:59:18 GMT

It's really interesting that we both started thinking and writing about this when we did. I like your top ten and Im pretty sure that I can point to exact times when you identified them.

There are however a few more, such as Keep perspective, Know your limits and recognise when is the time to get out, but say so, which to me are very important.... Just one Gen X er to another :-)

re: Bubble 2.0 or the Long Boom?

wilson ng — Fri, 30 Sep 2005 08:30:01 GMT

here's once advise I seem to be getting a lot lately - from microsoft and cisco conferences --- you cannot do it alone, know how to partner.

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