The first chapter contains some factual errors which, while superficial, hurt the credibility of the text. Later, we see Paul Allen’s name mangled. The author was a New Yorker writer, but the New Yorker’s famous fact checkers didn’t get their hands on this one. This didn’t diminish my enjoyment too much however; I was looking for broad strokes anyway. Each chapter can more or less stand on its own as an article; we follow many different characters (and companies) that only occasionally reappear, like Amazon and Alan Greenspan so there is some continuity. And don’t worry, as you’re probably wondering with the mention of Greenspan, you will hear all about “Irrational Exuberance.” But he’s also taken to task for practicing the non-interventionism you’d expect from a personal associate of Ayn Rand. The author seems to take a rather dim view of Amazon, using it as a proxy for other companies with absurd P&E ratios and seemed to be under the impression that B&N was going to eat their lunch.…
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