URL: http://slate.msn.com/id/2110977/sidebar/2108388/
<quote>
I also own a few other stocks and, sadly,
the remnants of several Internet and technology funds that I greedily
shoveled $700,000 into in February and March of 2000, minutes before
the bubble burst. Most of these funds have essentially gone to zero. I
would love to say I lost this money because I was swindled. Alas, I
lost it because, in hindsight, I was a moron.
<unquote>
This seems to be the soul of his self-exculpation: I wasn't a swindler. I was a moron, pied-pipering other morons.
The evidence he marshalls is very persuasive -- his confession makes clear that on the main point, he's an even a bigger moron than he thinks. He still remains positive today that it was impossible for anyone to know that that internet bubble was a bubble -- and that science has proven it.
Michael