"We used to hear that we live in a cynical age. No more. We live
in a credulous age. Last year, the President of the United
States asked us to believe there can be multiple interpretations of
"is." Now we have the equity markets saying, "It depends on what
you mean by 'value.' "
"As much promise as Linux and the open-source software movement
have, there can be no doubt that we're in the middle of a
speculative boom that can trace its roots in human nature to the
tulip speculation in Holland in the early 1600s - or, more
recently, to the gold speculation of the early 1980s. Those bubbles
burst before and this one will, too."
"Stock values have limits, but credulity does not. And the
attempt to prey on credulity isn't limited to Wall Street...."
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