Since I Was In My Early Twenties,

Now Along Comes The Potential Creative Destruction Brought By A Different Distribution Methodology, The Internet.

I'm Never Absolutely Sure Of Anything, And I Don't Want To Be. You're Either Right And You'll Pull Through, Or You're Not. We're Never Going To Be Right About Everything, And We've Certainly Been Wrong.

It's Not That You Don't Want To Earn As Much Money As You Can - It Is Your Obligation, Of Course - But Companies Have Obligations Beyond That And They Certainly Have Obligations Beyond That At Certain Times, In The Times In Which They Operate. And They Also Certainly Ought To Know That Meeting And Beating Expectations Is Probably Yesterday's Game And It Will Be Increasingly So, Which Would Be By The Way Very Healthy For Companies. Running A Company That Meets And Beats Expectations, And That Runs Their Company Accordingly, Are Companies That I Would Question Why Anyone Would Invest In.

I Like Businesses In Transition, First Of All. If Ever There Were A Business In Transition, It Is Publishing.

The Idea Of A Company That's Earning Money, Not Losing Money, That's Not, Let's Say 'industrially Endangered,' To Have Just Cutbacks So They Can Earn Another $12 Million Or $20 Million Or $40 Million In A Year Where No One's Counting Is Really A Horrible Act When You Think About It On Every Level. First Of All, It's Certainly Not Necessary. It's Doing It At The Worst Time. It's Throwing People Out To A Larger, What Is Inevitably A Larger Unemployment Heap For Frankly No Good Reason.