Those who do not read history are DOOMED to repeat it.
“History doesn't repeat itself, but it often rhymes.” – Mark Twain In this blog post, I will be providing a book summary on Maggie Mahar's book Bull!: A History of the Boom and Bust, 1982-2004 (2003). In Bull!, Mahar provides a recount of the dot.com crash by outlining the financial, social and political elements that contributed to the cycle. Investment Banking Investment banking was the lifeline of the firms on Wall Street. The talented analysts on Wall Street who covered stocks had the ability to command the attention of the wider investment community. Companies looking to go public would base their decision based on the ability of the analyst to induce excitement in investors and fetch the highest possible price at IPO. These analysts would be ranked each year on Institutional Investors , a business publisher with a strong focus on international finance, where mutual funds and other large institutional investors would make or break a reputation. The higher the analyst