Another week is in wind-down mode. I hope your week was more productive and bountiful than my continued struggle with finding a writing rhythm. Despite my best efforts, I didn’t write much this week. I have been caught between the urgent requirements of work and a nagging (and now prolonged) writer’s block. I have a growing pile of proverbial unfinished posts — thanks mainly to shifting attention from one topic to another. It is an affliction that most of us suffer in today’s hyper-information environment.
I read that a crypto-billionaire is buying a big piece of Forbes’ for about $200 million, just ahead of its public offering. Forbes, where I worked, is not really Forbes, and it is hardly a magazine worth its name. It is nothing more than a marketing site for arrivistes and self-promoters to give themselves some imprimatur. I mean, it published articles from Heather Morgan, one-half of the $4.5 billion crypto-scammers. Weirdly, the dots connect. What was I going to say about this $200 million investment? I thought no matter the source, the new money is always used to buy things from the past — art, buildings, vintage cars, and vintage publications and brands.
Like it said, swimming against the tide of information is hard, and you tend to get swept away. When I mentioned this to my friend Pip Coburn, who is in the investment advisory business, he said when it came to making investing decisions, he doesn’t look at day-to-day gyrations of (Read more...)