Consider the Longevity of the Knowledge You Consume

While most of us focus on consuming information that we won’t care about next month, let alone next year, Buffett focused on knowledge and companies that change very, very slowly or not at all. And because the information he was learning changed slowly he could compound his knowledge over time. And as Schroeder notes, Buffett has been in business for a long time, giving him incredible opportunities to create a cumulative base of knowledge. Expiring information is sexy but it’s not knowle...

 The Moving Goalposts of Success

The absence of disease is not health. Here's how we get to health: We need to reverse the formula for happiness and success. In the last three years, I've traveled to 45 different countries, working with schools and companies in the midst of an economic downturn. And what I found is that most companies and schools follow a formula for success, which is this: If I work harder, I'll be more successful. And if I'm more successful, then I'll be happier. That undergirds most of our parenting style...

 The Implications of a Facebook Bankruptcy

One reason companies like Facebook should be interested in what I am proposing is that planning a regulation regime is better than morphing involuntarily into a dull regulated utility, which is what would probably happen otherwise. Suppose Facebook never gets good enough at snatching the “advertising” business from Google. That’s still a possibility as I write this. In that event, Facebook could go into decline, which would present a global emergency. It’s not an outlandish scenario....

 Privacy is Impossible on the Internet

The Internet is a surveillance state. Whether we admit it to ourselves or not, and whether we like it or not, we're being tracked all the time. Google tracks us, both on its pages and on other pages it has access to. Facebook does the same; it even tracks non-Facebook users. Apple tracks us on our iPhones and iPads. One reporter used a tool called Collusion to track who was tracking him;105 companies tracked his Internet use during one 36-hour period. [...] Sure, we can take measures to pr...

 The Web is a Social Tool Not a Technological One

The web is more a social creation than a technical one. I designed it for a social effect—to help people work together—and not as a technical toy. The ultimate goal of the Web is to support and improve our weblike existence in the world. We clump into families, associations, and companies. We develop trust across the miles and distrust around the corner.

 How People are Paid for Their Attention

The result of the new economics is that people are often paid for their attention, implicitly or explicitly. They get to see television free in return for watching commercials. Their magazines and newspapers are subsidized or supplied free by advertisers. Nowadays bus shelters, baseball stadiums, and even those little refresher towelettes on airlines such as Lufthansa are supported by advertisers eager for your attention. You are also rewarded with content according to the "quality" of attent...