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To: Bill Harmond who wrote (80965)	10/17/1999 3:14:00 PM
From: Glenn D. Rudolph	Respond to of 164687

The American economy is strong and resilient because its free markets allow creative distruction. Someone is always getting killed off, and the survivor is usually someone better-capitalized, better-managed, or better-located. I believe you need a little bit of all three here. As Warren Buffett told us at May's annual meeting, not enough attention is being paid to the threat the Internet poses to existing investments. I agree. Glenn

To: Bill Harmond who wrote (80965)	10/18/1999 11:07:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 164687

Fab post, William. Can you explain this: <It reminds me of the profound (and ultimately dire) situation the Venitians faced by the circumnavigation of Africa.> < As Warren Buffett told us at May's annual meeting, with all the excitement about the opportunities not enough attention is being paid to the threat the Internet poses to existing investments. > I'm surprised to hear him say this. He's always struck me as an ostrich with his head in the sand. Not that they don't have a place too.... <g>