New gTLD Domains, Market Forecasts, Analysts, Monkeys

"One of ICANN's key commitments is to promote competition in the domain name market" (source: icann.org)

Headline: Analyst: new TLDs to hit $500 million in 3 years 

"One of the collective fallacies our culture operates under is the delusion that the market is some kind of astute forecasting machine. It is not — it represents the collective wisdom of 10 million panicked monkeys. That millions of slightly clever, pants wearing primates can combine their collective ignorance, their intellectual foibles, biases and false beliefs somehow into something resembling intelligence was one of the false beliefs of the era. Unfortunately, this is a condition the monkeys are prone towards....” (source: How Overrated is Sentiment in Economics? )

hat tip: Barry Ritholtz

Caveat Emptor!

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