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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (44764)	9/30/1999 1:04:00 PM
From: Cheeky Kid	Respond to of 122087

I agree with everything you said, but somewhere somehow they will survive. If they don't = no more music. I don't think artists will work for free. NOT GOING TO HAPPEN. I don't know exactly what's going to happen, BUT take a look at David Bowie's site.. davidbowie.com He seems to be tuned right into what's happening. The music industry will survive. MP4 is here, but I prefer MP3. I like to follow people like James Dines and Paul Zane Pilzer. Pilzer is revolutionary guy. I like what he said in one of his books about the music industry, he was talking about the vinyl records that were wiped out over night by the new technology = CD, and when CD's took over sale of music soared. If you read his three books: Unlimited Wealth : The Theory and Practice of Economic Alchemy amazon.com Other People's Money amazon.com Should You Quit Before You're Fired (Can't find it) You will find your perspective on everything changes. At least I did. SNIP FROM UNLIMITED WEALTH: >In the 1970s the world was supposedly running out of oil. Virtually every economist predicted that the end of an era was at hand. The industrial nations would have to tighten their belts, garage their cars, turn off their air conditioners, and generally adjust to lower standards of living. Today, oil prices (adjusted for inflation) are lower than they have been at any time since the 1960s. (Indeed, in terms of productivity--for example, how far a dollar's worth of gasoline will take you--prices are lower than they've ever been.) What happened? What proved the economists wrong in their prediction? Through the magic of technology, we developed better methods of producing energy and more efficient ways of using it. By replacing $300 carburetors with $25 computerized fuel injectors, automobile manufacturers doubled the fuel efficiency of new cars. This effectively doubled the supply of gasoline, thus effectively increasing the supposedly fixed supply of oil. At the same time, we also began developing entirely new energy sources, next to which the breakthroughs of the last decade will pale by comparison. Our ability to transform the raw materials of nature into the most elegant and sophisticated devices imaginable--to "make computers from dirt," as the mathematician Mitchell Feigenbaum recently put it--has so dramatically altered the rules that we are playing an entirely new game. The most successful entrepreneurs of our time--H. Ross Perot, Sam Walton, Steve Jobs--have been playing this new game without necessarily understanding its principles. Indeed, without knowing it,our best and brightest investment bankers, for example, have been proving the fundamental alchemic notion that resources are less important than technology; or, to put it in financial terms, that fixed physical assets are less important than intellectual assets. <