Another dot-com bubble?

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Back in 1999 I got booed for saying the dot-com boom was mostly hot air, after which the NASDAQ dropped from 1000 to 200. The Economist now warns of a 2nd bubble,with private equity and big corporates falling over each other to throw cash at anything web-ish. Many of the new ventures will be great, but most will fail, due to poor understanding of whether business models are viable – which needs a sound system-model of the business.
As noted before, certified analysts are not required to understand anything about the link from strategy to performance, so we can be sure disasters will follow, as we see the NASDAQ drive up from 300 to 600 …
For a route to sound strategy and business models, see www.strategydynamics.com.

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