“If he were named Fred Smith and played for Sacramento, Linsanity (or, I guess, “Smithsanity”) would still be the league’s hottest story right now. Players don’t come out of nowhere and dominate NBA games like this. Lin was cut twice before the season and, as our Marc Stein reported, days away from being waived a third time. A week ago he had 114 points in his NBA career; in five games since he’s racked up 134. He scored more points in his first four starts than any other player since the ABA-NBA merger.” — Why didn’t we all see this coming? - ESPN
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“Victor Fung, the chairman of Li & Fung, one of Hong Kong’s oldest textile manufacturers, remarked to me last year that for many years his company operated on the rule: “You sourced in Asia, and you sold in America and Europe.” Now, said Fung, the rule is: “ ‘Source everywhere, manufacture everywhere, sell everywhere.’ The whole notion of an ‘export’ is really disappearing.” — Made in the World - NYTimes.com
“These Valley types think this whole process could be automated and they don’t have to pay 7 percent to these flashy, French-cufflink-wearing Wall Street types” —
Eric Jackson via In Facebook IPO, bankers seek prestige over fees
Don’t give them any ideas…
Apple vs. Oil in Corporate Profits. Unbelievable.
(h/t MG Siegler)
Udacity and the future of online universities
“We shouldn’t be criticized for using Chinese workers,” a current Apple executive said. “The U.S. has stopped producing people with the skills we need.” — Apple, America and a Squeezed Middle Class - NYTimes.com
“For Hollywood to be killed, the Internet needs to focus on a metric other than eyeballs. It’s not about mass, it’s about good. That’s absolutely anti-YouTube and anti-Farmville and any other content which we expect to be rapid, mass and disposable. Disposable content isn’t bad, it’s just not everything. And as long as that’s all that the Valley is putting out, we won’t kill Hollywood.” — Killing Hollywood Will Require Learning Hollywood’s Game | PandoDaily
The Future: In Safe Hands | via PandoDaily
“Buffett is famous for noting that newspapers would never have existed if cable, satellite and the Internet had come first. The same might be said for retail. If the medieval merchants of Venice had been able to shop on Amazon, you would never have needed any of those winding shopping streets along the canals or in the piazza.” —
Why Amazon Is Like The Death Star - Seeking Alpha
Is this true? This question is occupying my mind. What happens to physical retail in Amazon’s world.