Daily Archives: April 21, 2011
There’s one fundamental law that all of nature obeys that mankind breaks every day. Now, this is a law that’s evolved over billions of years, and the law is this: Nothing in nature takes more than it needs.
The TV was on the background when I heard that. It made me pause.
And since I don’t expect to be able to roam around the Net much today, I’m going away to catch up on some video.
This is making the rounds today …
So the next time your broker tells you that this or that Internet retailing stock is actually worth some crazy multiples, just think for a moment about how many Lyle Bowlins there already are out there, and how many more there will be, to eat away at the profit margins of whatever Internet retailer you can imagine. It only costs them $150 a month and they can do it as a hobby!
Or think about it like this: For about the cost of one share of Amazon.com, you can be Amazon.com.
The thing is, those Lyle Bowlins didn’t have professionals who understood things like branding, marketing, Internet infrastructure, customer support, warehousing, and more.
Really, if Friedman can’t see the difference between a hapless amateur opportunistically skimming some cream versus someone gunning to be king of the hill, what kind of analyst is he?
He would probably think Stephen King should be all a-scared of this little girl named Amanda Hocking!
1) Opera Support forums still not working.
2) Downloading Opera itself was not working for a time.
3) When downloading was available, the apparent download was overtly corrupted.