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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (64304)6/21/2006 5:41:48 PM
From: shades  Read Replies (1) of 110194
 
Heinz made was that a computer that was twice as fast wasn't twice as productive especially in light of the fact that most only used them as word processors.

Gilder tried to steer the conversation away from that point - more CPU power is NOT connectivity - Heinz was correct - I can have a 500 ghz computer on my desk with no internet - but having a cell phone with simple browsing and internet connectivity is far more productive and useful to me. Gilder could have conceded that point that doubling CPU speed and its hedonics accounting for that was WRONG but then went on to follow the internet and ubiquitous connectivity was what should have been focused upon - from the links Mish posted Gilder did not seem to do that.
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