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63. Warren Buffet on Newspapers

63. Warren Buffet on Newspapers

Another interlude, this time we look to Warren Buffet to see what he thinks of the newspapers and why he wouldn’t be willing to invest in one today at any price.

“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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  • http://twitter.com/twoutter Dave Soutter

    Warren is usually right.

  • http://twitter.com/twoutter Dave Soutter

    Warren is usually right.

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