Warren Buffett on the future of the printed medium;
Quote:
IF MR GUTTENBERG HAD COME UP WITH THE INTERNET INSTEAD OF MOVABLE TYPE
BACK IN THE LATE 15TH CENTURY AND FOR 400 YEARS WE HAD USED THE INTERNET
FOR NEWS AND ALL TYPES OF ENTERTAINMENT AND ALL KINDS OF EVERYTHING ELSE AND
I CAME ALONG ONE DAY AND SAID I HAVE GOT THIS WONDERFUL IDEA WE ARE
GOING TO CHOP DOWN SOME TREES UP IN CANADA AND SHIP THEM TO A PAPER MILL
WHICH WILL COST US A FORTUNE TO RUN THROUGH AND DELIVER NEWSPRINT AND
THEN WE'LL SHIP THAT DOWN TO SOME NEWSPAPER AND WE'LL HAVE A WHOLE BUNCH
OF PEOPLE STAYING UP ALL NIGHT WRITING UP THINGS AND THEN WE'LL SEND A
BUNCH OF KIDS OUT THE NEXT DAY ALL OVER TOWN DELIVERING THIS THING AND
WE ARE GOING TO REALLY WIPE OUT THE INTERNET WITH THIS IT AIN'T GOING TO
HAPPEN.
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