Small Investors Got Screwed
from the everyone-else-gets-a-slap-on-the-wrist dept
A good column pointing out that the biggest losers in the dot com fallout have been the small investors who lost all their money. On the other side, the investment banks and analysts are getting slaps on the wrist for their part in hyping up obvious duds. I understand where this is all coming from, however, it's not like anyone held a gun to the heads of the small investors. They still had to make the choice of what to invest in (if they chose to invest at all). Sure, people made it seem like you were crazy if you didn't dump all your money into dot coms, but the smart investor should know better. Yes, I think that analysts and investment banks were being unethical in many of their practices, and yes, individual investors got screwed in a lot of ways - but in the end, a lot of it still is their own fault.
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