In my last post, I referenced venture capital firm Kleiner Perkins' general partner Vinod Khosla being concerned about a bubble ever forming in nanotechnology. In our monthly Forbes/Wolfe Nanotech Report we've written several articles--last year, "Beware of Nano-Pretenders"--and most recently "Beware the Nanobubble". In both we call out the public companies that may be directly taking advantage of, or indirectly benefiting from growing public enchantment with nanotechnology. We don't want our subscribers to be left holding the bag when larger and savvier institutional investors decide to let the air out.

Here's a cartoon (I'm not sure of its original source) depicting the extraordinary popular delusions and madness of crowds.

For a confluence of reasons that we've described in our monthly report, we won't see this happen. But a great depiction of the madness of crowds in the ever-shifting quest for the next new thing of asset allocation.

(Josh Wolfe, NYC)