Take Paul Berberian, CEO of Evoke Communications in Louisville. But those were the rules at the time. And if you didn't play by those rules, you sat on the sideline. Today, with the fastest-growing part of the New Economy being the unemployed, everyone sits around discussing what happened. Books are being published.
Panelists rehash the stupidity of it all.
Journalists write blowouts about dot-com failures. But the truth is none of us knew what would happen. And even today, none of us wants to go out on a limb to predict what will happen next. He doesn't claim to be a sage and predict the future, but he nailed it when he said people operate in a herd mentality. Everyone thought the same before, and when someone started thinking differently, it went down.