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Looks like some news agencies might be copy pasting. Not naming names here.
https://za.investing.com/analysis/are-we-in-for-a-repeat-of-the-dotcom-bubble-on-nasdaq-100-200576693

By now, if you have not heard, felt and experienced the hype around AI, you are surely living under a rock.
Looking back at around circa 2000, and the forming and bursting of the tech bubble, I cannot help but think the same is going to happen again. Companies, spouting AI as their money-making technology, making big promises while showing little or no current profit, are already talking up a storm, telling everybody who will listen to how much they are going to be making out of the use of AI. I'm not talking about using AI to tell them how to invest in stocks, but in how they are promising to use AI to bring weird and wonderful products to market.
Over the past two months the news has been inundated with adverts for AI. Money Web has even got an advert for how to become an AI expert in 4 days. The cost? A cool R26 800.
So my question is, how quickly is this bubble going to inflate, and how hard is it going to pop?
Which leads to question number two - which companies are going to be the guilty parties?

Hi Patrick
I've just read this old post of yours, very informative and thought provoking, and still appropriate two/three years on.
I'd like to ask you about point number 5 though, South Africa will go bankrupt
What is your current thought on this point, especially in light of the loan we did take from the World Bank. See the link below
https://www.sowetanlive.co.za/news/2022-02-01-money-in-the-world-bank-mps-take-on-finance-minister-over-r11bn-loan/

Few people can get there on their own - because like with most other things in life, your financial belief system is set by the time you are five years old.
By this time, you will have noticed your parents' spending / saving trends. You will have internalized their 'financial language'. Words and phrases like 'Credit card', 'saving', 'increase the mortgage', 'payday' etc will all be part of your mindset.

Consider husband and wife discussing the newest, latest large screen television. The Jones's have got it, it is the latest, we need to get one.
And right there lies the problem. Little Johnny now starts learning that he must have the latest and greatest, because it can do x, y, and z. Little Johnny is taught to go to school, get good grades and get a job.

Compare this to the language of a kid growing up in a household where money is understood.

Consider husband and wife discussing compound interest, investment techniques and strategies. Little Johnny might even learn words and phrases like 'rental units', '30 day call accounts' and the like. In this household, chances are that Little Johnny is probably taught how to save too.

So, the basis of a firm financial foundation lies probably in parenting.

As for the 'How To' of a firm financial foundation, that will need a separate post.

The name's Leon, known on other forums as LeonDude
From Pretoria (read Centurion) and not making enough money, so coming here to ask questions and find wisdom.