I don't have much to say or add, but just wanted to point to a really interesting recent post over at Cackling Jackal.
Long Rambling Post About AOL
(Reb, Cackling Jackal)
The thing about working for AOL in the mid-90's, or at least how I recall those days, is that the "now you have it, now you don't" experience harmed certain people. Some worse than others and yeah, you can say what a bunch of jackasses they were with their money and their expectations (and yeah, I can add tales of acquaintances and friends to that fodder). One of the reasons was that most of these folks were young, clueless about the stock market, economy, business, etc. Cycles, bubbles, I don't recall ever hearing any of those words when I was at AOL. It's not like there were many people there over 50 to make the connection to their parent's time during the depression, or people over 40, or many over 35. Not that we would have listened to any of those old people anyhow.