Word: techs
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When it comes to investing, nothing is more important than the ability to think rationally for oneself - and Buffett is unsurpassed on this front. In the late '90s, he was criticized for his refusal to invest in booming tech and Internet stocks - a decision that was vindicated when the bubble burst. Buffett has made a fine art of keeping this kind of distracting noise at bay: he said he even limits his contact with managers of businesses in which he invests, preferring to assess their companies' financial records - a more neutral source of information. Equally vital to his success, Buffett...
...there is no greater blinder than success, even for a visionary like Bill Gates. By the time he realized the tech world was quickly shifting from PCs to the network that connected them, his moves were limited. A fiercely competitive man, he reached for the obvious lever, and attempted to tie the late-starter Internet Explorer browser to the monopoly he created, the Windows operating system. The move was mercilessly effective and beat back rival Netscape, which immediately saw its commanding share of the browser market disappear...
...Qaeda go-between Hambali. The four men's faces have appeared on widely distributed wanted posters and on the U.S. State Department's Rewards for Justice website; $10 million is offered for Dulmatin and $1 million for Patek. But for nearly six years the fugitives have defied high-tech surveillance wizardry, million-dollar rewards and a manhunt by thousands of soldiers, spies and police across three countries in Southeast Asia...
...middle-class obsession with golf. Even in his late 60s, Carlin was as sharp a satirist of language as ever: "I've been uplinked and downloaded. I've been inputted and outsourced. I know the upside of downsizing; I know the downside of upgrading. I'm a high-tech lowlife. A cutting-edge, state-of-the-art, bicoastal multitasker, and I can give you a gigabyte in a nanosecond...
...There is a certain reluctance among politicians to proselytize about energy conservation. It's not as sexy as promoting high-tech gizmos like photovoltaic arrays or electric cars. It reminds people - of a certain age - of Jimmy Carter, in his dreadful cardigan sweater, telling them to set their thermostats at 68deg.F in winter to conserve oil. Carter was certainly right about that one - heating represents nearly twice (roughly 7%) the energy usage that air-conditioning does. By contrast, the Bush Administration has had a policy of malignant neglect, enunciated by Dick Cheney, who once called conservation a "sign of personal...