Automotive Holiday Deals Books Gift Guide Books Gift Guide Shop Men's Athletic Shoes Learn more nav_sap_SWP_6M_fly_beacon Black Friday egg_2015 All-New Amazon Fire TV Luxury Beauty Gifts Under $50 Find the Best Purina Pro Plan for Your Pet Amazon Gift Card Offer bf15 bf15 bf15 $30 Off Amazon Echo $15 Off All-New Fire Kindle Black Friday Deals BestoftheYear Shop Now Tikes

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your email address or mobile phone number.

  • List Price: $17.99
  • Save: $1.54 (9%)
FREE Shipping on orders over $35.
Only 9 left in stock (more on the way).
Ships from and sold by Gift-wrap available.
Dot.con: How America Lost... has been added to your Cart
Condition: Used: Good
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Dot.con: How America Lost Its Mind and Money in the Internet Era Paperback – May 13, 2003

16 customer reviews

See all 3 formats and editions Hide other formats and editions
New from Used from
Paperback, May 13, 2003
$2.99 $0.01

Best Books of the Month
See the Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.
$16.45 FREE Shipping on orders over $35. Only 9 left in stock (more on the way). Ships from and sold by Gift-wrap available.

Frequently Bought Together

  • Dot.con: How America Lost Its Mind and Money in the Internet Era
  • +
  • Origins of the Crash: The Great Bubble and Its Undoing
Total price: $31.24
Buy the selected items together

Special Offers and Product Promotions

  • Take an Extra 30% Off Any Book: Use promo code HOLIDAY30 at checkout to get an extra 30% off any book for a limited time. Excludes Kindle eBooks and Audible Audiobooks. Restrictions apply. Learn more

Editorial Reviews


“The first good book about one of capitalism’s most embarrassing debacles.” (

“Admirably lucid and comprehensive.” (The Guardian (London))

“A marvelous book. . . . Dot.con will be read by generations of .... B-school graduates.” (Wall Street Journal)

John Cassidy is one of the world’s best financial journalists. Dot.con [is] compelling. (Rupert Murdoch)

“John Cassidy’s [Dot.con] deserves to be the boom’s standard account. It is informative, perceptive, and gracefully written.” (New Republic)

“Shrewd and entertaining...thoroughly persuasive.” (The Economist)

About the Author

John Cassidy, one of the country's leading business journalists, has been a staff writer at the New Yorker for six years, covering economics and finance. Previously he was business editor of the Sunday Times (London) and deputy editor of the New York Post. He lives in New York.


Hero Quick Promo
Holiday Deals in Kindle Books
Save up to 85% on more than 1,000 Kindle Books. These deals are valid until November 30, 2015. Learn more

Product Details

  • Paperback: 416 pages
  • Publisher: Harper Perennial (May 13, 2003)
  • Language: English
  • ISBN-10: 0060008814
  • ISBN-13: 978-0060008819
  • Product Dimensions: 5.3 x 1 x 8 inches
  • Shipping Weight: 12.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (16 customer reviews)
  • Amazon Best Sellers Rank: #887,043 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful By Michael Emmett Brady on February 13, 2009
Format: Paperback
This is an interesting look at the Dot.Com Nasdaq bubble ,which started in the early 1990's and collapsed in 2000- 2001.This is not surprising since every bubble in history has collapsed.
The author pinpoints three groups and/or individuals that he feels are specifically to blame for allowing this fiasco to occur.The first group is the financial journalists and analysts,such as Mary Meeker ,Blodgett,and Abby Joseph Cohen,who used their positions to hype the sale of stocks that they knew were purely speculative in nature.The second is a group of one,Alan Greenspan.The author overlooks that Greenspan had no authority over the giant investment banks that were the source of the problem.They were supposed to be regulated by the Securities and Exchange Commission(SEC).Unfortunately,the SEC had been stuffed full of University of Chicago type economists, who did not believe that bubbles were possible ,based on their artificially constructed Efficient Market Hypothesis(EMH).
.Of course,Benoit Mandelbrot had already demonstrated repeatedly over the time period 1958-2008 that the EMH was false.The economists at the SEC simply refused to accept the ancient wisdom of Adam Smith-the goal of all financial regulation is to prevent speculation.Greenspan certainly is partly culpable,however.
The third group is the American public,which,as first pointed out by Michael Lewis,came to believe that the way to riches was not productive,hard work but speculating in stocks.
I have subtracted one half of a star because the author is apparently ignorant of the fact that Adam Smith devoted 80 pages in The Wealth of Nations(1776;Modern Library(Cannan)edition with the foreward by Max Lerner) to discussing the problem of banking and speculation.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
3 of 3 people found the following review helpful By Douglas C. Childers on June 6, 2009
Format: Paperback Verified Purchase
I read "Dot.con" after reading an excerpt of it in Michael Lewis' "Panic". I was excited to get a comprehensive account of the internet stock speculative bubble and relate it to the current subprime housing mess. While I can't speak for some of the technical points that other reviewers have pointed out to be erroneous, it was interesting to read this account nearly 7 years after it was published.

John Cassidy points out numerous times throughout the book that the speculation of these internet stocks was perpetuated by Wall Street. Virtually every internet IPO was based on potential earnings and income growth. Therefore, no one had any idea on how to value the stocks because there were no earnings or even a consistent revenue stream to for that matter. However, Wall Street just started creating new valuation models based on number of web-page hits and current revenue and extrapolated out into the future assuming that web traffic would continue to increase exponentially, while costs would decrease due to these websites not incurring the typical costs that traditional firms were saddled with. While web traffic has continued to increase and more and more people are connected to the Internet than ever before, the costs of acquiring these customers, through significant price reductions and huge marketing budgets never waivered, bankrupting mostly all of these websites.

In addition to haphazardly marketing the IPOs for these websites, each investment bank on Wall Street and Silicon Valley were using their analysts to justify these IPO valuations. The research divisions within the investment banks were traditionally independent of the sales and brokerage division. During this era, the supposed "Chinese Wall" was torn down.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
2 of 2 people found the following review helpful By Giuseppe A. Paleologo on July 16, 2005
Format: Paperback
Dot.con is a book that reads like a long "New Yorker" article. I view this as a quality, given the subject matter. Despite the size of the ".com" bubble, its explanation is not as elusive as other speculative frenzies (e.g., 1929). The recent speculation is the outcome of "herd behavior" on a massive scale, favored by unique historical conditions, such as the development of a new technology, the liquidity excess in the american markets, and a favorable economic environment. There are plenty of quantitative models and historical studies of such behavior. Cassidy spells out this early (quoting in the process Charles Mackay's seminal treatise), and gets it out of the way. What makes the book interesting is the intricate relationship--and amplification of speculative behavior--among the actors of the bubble: investment banks, venture capitalists, the media, the Federal Bank, entrepreneurs, and finally the american public. Taken individually, the actions of each group may appear greedy, dishonest, stupid. Placed in the proper context however, the judgement is more nuanced. Cassidy shows how the skeptical VCs, financiers and journalists were repeatedly proven wrong in the early stages of the speculation and decreased in number, to the point of extinction. Nowhere is the pressure to imitate the crowds more evident than in Mary Meeker's case, the poster boy of Wall Street hype. Cassidy partially exculpates for her behavior, based on the environment in which she operated. But the examples in the book abound. Noone gets out scot-free, save one or two honest Wall Street stock strategists on the verge of retirement. Cassidy is relatively lenient toward the individual investor, the world of finance, and the entepreneurs: after all, these people had an incentive in feeding the bubble.Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more
Dot.con: How America Lost Its Mind and Money in the Internet Era
This item: Dot.con: How America Lost Its Mind and Money in the Internet Era
Price: $16.45
Ships from and sold by

Want to discover more products? Check out this page to see more: computer network