At one time we worked hard so that someday we (or our children) wouldn’t have to. Today, the more we earn, the more we work, since the opportunity cost of not working is all the greater (and since the higher we go, the more relatively deprived we feel). In other words, when we get a raise, instead of using that hard-won money to buy “the good life,” we feel even more pressure to work since the shadow costs of not working are all the greater.
NY Times on the Economy
3 September 2008
20 June 2008
There are days when the phrase “professional Internet surfer” sums up my job description nicely. And while I did, in fact go to an accredited university, I can’t help but think that if I had pursued a degree that was closer to that description, rather than spending countless hours in creative writing and literature courses, perhaps I’d be bringing in a touch more money at the end of the day.
AppScout on Internet Surfing
Yahoo has over 500mm worldwide unique visitors a month. It has massive reach. It has massive scale. There is no reason it cannot and will not be an important business going forward. It needs to focus on monetization, rationalizing its products and services, and making money, lots of it.
A VC on Yahoo
28 April 2008
For if the doomsday predictions are fulfilled and the world does come to an end, then all the money in the world — even if it be in the form of gold coins or pieces of silver, stored in a locked chest in the most remote corner of the planet — would prove of no value, because there would be nothing left to buy or sell. Apocalyptic investors will miss great opportunities if there is no apocalypse, but ultimately they will end up with nothing when the apocalypse arrives. Heads or tails, they lose.
Peter Thiel on The Apocalypse
15 April 2008
Like many Americans, I’ve got conflicted feelings about taxes. On the one hand, I recognize that they are the price we pay for civilized society. On the other hand, I cringe (or worse) each time I pay them — because I have, er, serious doubts about the efficacy of handing over my hard-earned money to George Bush and Nancy Pelosi.
Daniel Pink on Taxes
7 April 2008
So I want something new. Something for which the making of money is at most a secondary or lower priority. Not sure what that should be, but I am sure, if it ever happens, it won’t be called blogging.
Doc Searls on Blogging