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To: GraceZ who wrote (64304)6/21/2006 5:26:40 PM
From: skinowski  Respond to of 110194
 
Google just this very moment added considerable value to my personal computer, and within seconds I was able to find GG's and Heinz's exchange - check the replies:

Message 13839173

Incidentally, looking through those replies also helps understand why both of them gave up posting on SI...;)



To: GraceZ who wrote (64304)6/21/2006 5:41:48 PM
From: shades  Read Replies (1) | Respond to 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.



To: GraceZ who wrote (64304)6/21/2006 6:16:27 PM
From: benwood  Read Replies (1) | Respond to of 110194
 
Twice as fast computers have nothing to do with network connectivity. My 40 MHz 80386-based computer could surf the internet at broadband speeds (not video) nearly as fast as my current 2 GHz model. Ditto publishing. That PC with monitor would be worth about $10 today. Yet it can publish to billions in seconds. My pre-PC era computer published to thousands back in 1981 and 1982. And my actual audience was almost the same back then.

And with that ease of so-called publishing to millions (every paperback, by that metric, is published to hundreds of millions of Americans, perhaps billions on the planet), there's the side effect that hundreds of millions are doing similar publishing. So in spite of the theoretical ease and feasibility, by far the vast majority of people still get the bulk of their information, or disinformation, from the exact same mainstream sources as before.



To: GraceZ who wrote (64304)6/21/2006 8:24:13 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
"You are correct, sir. In other words, never before in the history of mankind have more people with even less to say than you been able to blather their nonsense instantaneously around the globe."



To: GraceZ who wrote (64304)6/22/2006 12:48:29 AM
From: John Vosilla  Respond to of 110194
 
Bottom line is the technological advances were great. But investment wise early bears got slaughtered and myophic bulls got seduced into some new paradigm when in the end businesses survive and thrive on free cash flow, return on capital ect.. Sound familiar to anything going on of late?