Tag: The New New Thing

Michael Lewis: The Financial Crisis is a Moral Crisis

Iceland; Ireland; Greece; California.  They are all in trouble – deep, serious trouble.  The debts are massive.  The way out looks…  well, there doesn’t seem to be a very workable way out. And the financial situation in other corners of the globe have ripple effects in every corner of the globe like never before.  What… Read More Michael Lewis: The Financial Crisis is a Moral Crisis

Randy Mayeux1 Comment

Not all innovations work. Not all innovations last. But the ability to innovate… is critical

The Internet formula for success turned traditional capitalism on its head.  Traditionally a company persuaded people to invest in it by making profits.  Now it persuaded people to invest in it first, and hoped the profits would follow. A single assumption underpinned the entire boom:  the future would be better than the past. (Michael Lewis,… Read More Not all innovations work. Not all innovations last. But the ability to innovate… is critical

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