There is something strange happening in the world. It isn’t new. It started with social media and smart phones but it is accelerating now. We are living less and less in the real world. More and more of our lives are online and the information we receive is becoming more and more curated. We need to step outside our bubbles every now and again.
This all started because my lived experience of the years 2000-2002 is much different than the collective memory of them. As I have become more involved with our financial growth and investing I have sought out information and seeing how others think is important, and I have learned that people are glaringly ignorant. It is all because of bubbles and not the financial ones.
People talk about the dot-com bubble as if it were a story that dominated the news and say that the AI buildout is just like it and then give the data the internet feeds them which labels the drop from March of 2000 to October 2002. Notice the lie of omission. It is sitting right there and very obvious for people that lived it.
Younger people might miss it. In fact if you go to Google trends and look at 9/11 as a topic the number 11 and number 17 term for 9/11 are what year was 9/11. The lie of omission exists and it is slowly becoming truth.
If you look at search data for the year 2000 dot-com bubble wasn’t in the top ten. Britney
Spears was the top search term and the tenth were the Summer Olympics. It was also an election year and I am sure you remember how our friend Chad wouldn’t stop hanging around. The dot-com bubble didn’t occupy much of our attention. We’d all survived Y2K after all. Amazing that we all thought the internet was going to kill us and it didn’t have a correction until it didn’t.
They used to say that history is written by the victor, but now it is written by the person with the largest megaphone in your bubble, because guess where AI bubble ranks in Google trends? It doesn’t.
