“One of the wonderful things about Internet is its like a salon. It brings people together from different intellectual walks of life.” PeopleDifferentTogetherWalksWonderfulInternetIntellectualWonderful ThingsWalks Of LifeSalons Author:Eric Kandel
“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more downside risk. The perfectly fabulous economics of this business could become grievously impaired.” WayYearsCertainGrowsWonderfulRiskInformationInternetAdvantageYears AgoEconomicsThreatNewspapersMediumsCertaintyAlternativesFabulousDominance Author:Charlie Munger
“For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.” WayLittlesWonderfulInternetUnderstoodNegativeIncreaseProfitObviousCapitalistEfficiencyProfitableAmerican Business Author:Charlie Munger
“When I was 13, I was playing in the bars. I guess it's a changing world. Some things are better today, like the internet. We have different ways of reaching each other. E-mail and all that stuff is wonderful. I actually think the kids are missing out on a lot of stuff.” ThinkingWorldWayDifferentKidsTodayStuffWonderfulMissingInternetBarsDifferent WaysReachingMailMissing Out Author:Ray Parker, Jr.