Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Tomato who wrote (864)	12/29/1998 6:18:00 PM
From: Robert Douglas	Respond to of 4691

Ten years from now. Long after the effect is well known, the SEC will probably mandate a paragraph in the annual report on "Internet effect". Like we have today on inflation impact now that inflation is benign.<g> -Robert

To: Tomato who wrote (864)	12/29/1998 9:09:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 4691

On the PBS special, Buffett acknowledged that the internet is huge, but he wants no part of any industry that changes so fast. Then he chuckled and said, (re: Wrigley) "I don't think the internet is going to change the way people chew gum." That's what Buffett is looking for, even before there was any such threat.

To: Tomato who wrote (864)	12/29/1998 10:23:00 PM
From: Richard Ruscio	Read Replies (1) \| Respond to of 4691

Industries whose products are or deliver small(ish), physical goods of some complexity - Coke, razor blades, food, low cost electronics / manufactured goods ($25 or less) - are invulnerable to the 'Net, because the delivery cost of the physical goodies to individuals requires mass distribution channels. It needs Sam's / WalMart's, not FedEx / USPS. Products subject to substitution by the 'Net - newspapers, paper mail, photography, broadcast TV, magazines, advertising, intellectual property sales (travel, real estate, financial services, brokerage) - will have their franchises eroded as infrastructure and human practice with the 'Net accumulate. Think decades / generations, rather than months / years, in the US. Off shore, it'll take longer. Maybe the question should be, which of Buffett's holding will NOT be negatively impacted ?