well said

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Sunday, 30 September 2012 - 12:14pm

Published by Matthew Davidson on Sun, 30/09/2012 - 12:14pm in

Another neat summing up from a Boinger:

"[...] this episodic bubbling (and so soon after the first .com bubble, no less), leads one either to the depressing conclusion that 'the market' is a damn moron, or that it consists largely of cynics who are in on the joke, and morons who provide a food supply for the cynics. Neither option seems terribly healthy."

Friday, 28 September 2012 - 5:49pm

Published by Matthew Davidson on Fri, 28/09/2012 - 5:49pm in

Couldn't have put it better myself:

"For advertising to be effective, information has to be expensive to produce and expensive to distribute. Under such conditions, a brilliant product can indefinitely languish in obscurity despite its brilliance, simply because there is no way of getting word out about it. On the other hand, when it becomes trivial for pretty much anyone to produce and broadcast any sort of information, the notoriety of a product becomes much more a function of the brilliance of the product and much less a function of the size of the centralised marketing push."