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Strategies & Market Trends : Buffettology
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To: Chuzzlewit who wrote (862)12/29/1998 6:02:00 PM
From: Robert Douglas  Read Replies (1) of 4691
 
Chuzz,

Thanks for the link. I certainly am in no disagreement that the Internet will be one of the great changing forces of the next decade. I'm glad I am not a retailer or an airline reservation agent or even an auto-dealer because the changes will be profound. I know an auto dealer who acknowledges that the manufacturer has in so many words told them that they are not the future of auto retailing.

My opinion for some time has been that the Internet will make businesses of all stripes more efficient and competition more keen. The end result is likely to be thinner profit margins for many and extinction for some. As investors, we are going have to be very wary that those barriers to entry we have taken for granted will fall as easily as did the Berlin Wall.

Whether or not "Buffettologists" recognize this more or less than any other group, I cannot say.

-Robert
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