I have been thinking about the dot bombs and the AOL/Time/Warner writedown of $54 billion. At one end you have to think what a corrupt bunch of losers. But then think back to 1999 technology is soaring, Tech stocks are going insane, internet is huge business but nobody knows what it is good for. Companies all over the place are making money like crazy, little ones, big ones all the same. Since the whole economy is going gangbusters, they feel their success is due to good business strategy, and in part it might be.. but many were just riding the wave. That wave hit the shore... and lots of people got smacked down. Even good people doing the right things got smacked. But lots of mediocre business plans that made money because they were on the wave. I will be interested in 2 years to see how this all turns out.