https://seunghoonchoi.com/tags/cash-flow/Recent content in Cash Flow on Seunghoon ChoiHugoen-USThu, 25 Jun 2026 21:45:00 +0900https://seunghoonchoi.com/column/dotcom-bubble-ai-bubble/Thu, 25 Jun 2026 21:45:00 +0900https://seunghoonchoi.com/column/dotcom-bubble-ai-bubble/<p><img src="https://seunghoonchoi.com/images/col-dotcom-bubble-ai-bubble.png" alt="A chart of the Nasdaq Composite rising and falling around the dot-com bubble from 1994 to 2005"></p> <p class="inline-image-caption">When the charts are soaring, you need to see if people are starting to spend more on future stories than on performance.</p> <p>On March 20, 2000, Barron&rsquo;s ran a brutal warning on its cover. Internet companies were burning through cash too fast. Ten days earlier, the Nasdaq had hit its peak. The market still believed in the &ldquo;new economy,&rdquo; but someone had already opened the spreadsheet.</p>