
Networth
Description
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There's no doubt that the Internet has shaped and will continue to shape the stock market -- and the broader economy -- in the new millennium.
But while many investors have made fortunes on Internet-related stocks, racking up returns that would have been unthinkable a few years ago, countless others have lost their shirts amid the NASDAQ's frequent stomach-turning gyrations.
Finally, there's a voice of reason above all the confusion. In a clear, easy-to-read style, Stephen E. Frank -- known to millions of television viewers and newspaper readers as the Internet correspondent for The Wall Street Journal and CNBC -- explains what we need to know about investing in today's dot-com economy. Frank lays out a straightforward framework for understanding how the Internet works, how different business models stack up, and how to think about Internet stocks as part of a broader investment portfolio. He weighs in on the potential risks and rewards of each Internet subsector, and profiles a slew of dot-com companies, from obvious candidates like Amazon.com to transformed titans of the old economy, like United Parcel Service.
Above all, Frank urges investors to adopt a long-term approach -- to avoid despairing when the market is down or getting carried away when tech stocks soar. For anyone interested in developing sound investment strategies for the rewarding but turbulent Internet market, NetWorth is a trusted, indispensable adviser.
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Person
Frank joined The Wall Street Journal in 1996 to cover the banking industry. A graduate of Harvard College, Frank has frequently been identified as one of financial journalism's rising young stars, and was a member of the Journal team that won the Overseas Press Club's Malcolm Forbes Award in 1997 for coverage of the Asian financial crisis. In 1998 Frank was named a Broadcast News Editor for Wall Street Journal Television. He lives in New York City.
Content
PREFACE: Helping You Help Yourself
CHAPTER ONE: It's Not Too Late
The Revolution You Can't Afford to Miss
CHAPTER TWO: You've Got Scale!
AOL Time Warner: A Paradigm of the New Economy
CHAPTER THREE: From C to Shining C The Consumer Internet: Content, Commerce, and Community
CHAPTER FOUR: Now You're Talking Money The Business of Business to Business
CHAPTER FIVE: Servers and Switches and Routers, Oh My! Building the Internet's Backbone
CHAPTER SIX: Sneaking in the Back Door Internet Investing by Proxy
CHAPTER SEVEN: What's It Worth to Ya? Valuation and the Portfolio Approach
CHAPTER EIGHT: Leaving the Tough Stuff to Others Incubators and Mutual Funds
CHAPTER NINE: To Dot Com and Beyond Life in the Post-PC World
Index
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