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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Dragonfly who wrote (458)	4/18/1998 7:28:00 PM
From: Bill Fischofer	Read Replies (1) \| Respond to of 5853

Re: MSFT Your argument seems to be that MSFT is "bad" and therefore it (and by proxy its investors) will be "punished". By implication there are "good" companies which will be "rewarded" as a consequence of MSFT's downfall. Fortunately investing is not a zero-sum game and the politics of envy is inherently self-limiting. Companies fail because they lose sight of the market and no longer serve their customers, either through their own arrogance or by complacency in failing to react to technology-induced shifts in market demand. MSFT is not immune to these forces but to date it has shown extraordinary agility in reading the shifts in the market and reacting decisively. The emperor incites envy by his mere existence. His actions are irrelevant. But those who wish for the emperor's downfall do not dream of some egalitarian utopia but rather to place themselves upon the throne. An extraordinary book that explores this deeply-rooted truth is The Lucifer Principle: A Scientific Expedition into the Forces of History by Howard K. Bloom. See amazon.com for review and order information. I highly recommend it.