Message Font: Serif | Sans-Serif
No. of Recommendations: 4
OK, to stir the pot a little. In some defense of poor George of the Hampshires, locked up in stocks and being pummeled with refuse...

I only read the articles he put in Forbes ASAP, before he reached guru status and hid away behind a wall of e-commerce. Oh, I also read Microcosm.

He never seemed to me to be touting stocks, as much as identifying good technologies and then almost as an aside, mentioning the companies that were pursuing them. Usually mentioning several, without driving too hard on any of them.

The implosion of those companies was more due to corrupt and greedy management, than to errors in technology vision or skill, in my opinion.

Pro forma end-arounds, stock option bonanzas, CEO money-baths, and a general disregard for either good business practices or shareholder interests characterized WorldCom, Lucent, Winstar, and the rest of them. Bernie Ebbers bailouts? Enron bandwidth boys club? Jim Clark's yacht fleet? Should George have known these guys' main interest was gettin' while the gettin was good? I think Gilder's radar screen pointed elsewhere.

His techno-vision will inevitably become reality. The corporate plunderers may have delayed it, may have feathered nice beds for themselves by mortgaging the industry's future and crippling America's economy - not that they care - but the world is nonetheless in the midst of a transformation that he saw more clearly than just about all of us.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.