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Subject:Re: They don't need our stinkin' manuals?? From:Peter <pnewman1 -at- home -dot- com> To:"TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com> Date:Fri, 29 Dec 2000 21:38:11 -0500
Bruce Byfield wrote:
>
> Marilynne Smith wrote:
> >
> > From time to time, even on this enlightened list, I hear the comment that
> > older people don't understand computers as well as the young. Most of the
> > young I know are experts in email and computer games, not much
> > else. (There's a broad statement for you.)
That was exactly what happened with the .com stocks. The VCs began to
believe the BS and turned large amounts of money over to kids who held
parties with the funds and overpaid themselves. (Yes, I include anyone
under 40 as a kid.) Many had good sounding ideas, but they thought that
a business is successful if you simply have more money at the end of the
year than at the beginning. They did not understand that the increase in
funds must come from doing business profitably. Not investment. Too many
fine engineers also have no clue about growing or managing a business.
These kids would claim that anyone who said you need more than hits on a
web page and more than just sales to turn a profit, did not understand
the "new economy."
Off soapbox.
--
Peter
There are few situations in life that cannot be resolved
promptly, and to the satisfaction of all concerned,
by either suicide, a bag of gold,
or thrusting a despised antagonist over a precipice on a dark night.
Ernest Bramah (Kai Lung stories)
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