Jim Toole, Owner of Capitol Hill Books
That happens to be my goal: to flip current culture into lasting value.
And anything of lasting value, through the requirements of existence, must change the course of history.
But mustn’t one know history in order to make it?
Jean de la Bruyère, 1688
Will Durant, The Lessons of History (1968), originally from The Age of Louis XIV (1963)
In The Information Diet, Clay Johnson mentions an instance of social anxiety about new technology:
Electricity came with a set of critics, too: the electric light could inform miscreants that women and children were home. The lightbulb was a recipe for total social chaos.
This doesn’t strike me as an unreasonable opinion.
Perhaps we should be less anxious about technology. I’m not very excited about drones and wearable technology, but who knows…maybe they won’t be as bad as we think.
Nassim Taleb, Antifragile
Charlie Munger, USC 1994
The irrational exuberance in technology investing reaches a new high. Here’s a founder talking about his new pile of millions:
“We are not trying to generate return on that raised capital,” said Mr. Tolia of Nextdoor. Instead, he said, his company’s latest venture funds would be invested in money market accounts and left all but untouched.
And here’s the perspective from VCs:
For venture capitalists, allowing portfolio companies to take on more funding means their existing stakes can be diluted. But since these big rounds often lead to much higher valuations, many investors don’t mind.
Oh, I get it—tech company prices always go up. Just like house prices.
(Source: The New York Times)