James Surowiecki Quotes About Internet

Quotes about: Internet

• This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.

  James Surowiecki

  Wisdom, Jobs, Past

  "The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations". Book by James Surowiecki, 2004.

• The Internet has become a remarkable fount of economic and social innovation largely because it's been an archetypal level playing field, on which even sites with little or no money behind them - blogs, say, or Wikipedia - can become influential.

  James Surowiecki

  Innovation, Littles, Fields

  "Net Losses". www.newyorker.com. March 20, 2006.

• If you thought the advent of the Internet, the spread of cheap and efficient information technology, and the growing fragmentation of the consumer market were all going to help smaller companies thrive at the expense of the slow-moving giants of the Fortune 500, apparently you were wrong.

  James Surowiecki

  Moving, Technology, Giants

• Solyndra's failure isn't a reason for the government to give up on alternative energy, any more than the failure of Pets.com during the Internet bubble means that venture capital should steer clear of tech projects.

  James Surowiecki

  Giving Up, Mean, Government

• The history of the Internet is, in part, a series of opportunities missed: the major record labels let Apple take over the digital-music business; Blockbuster refused to buy Netflix for a mere fifty million dollars; Excite turned down the chance to acquire Google for less than a million dollars.

  James Surowiecki

  Opportunity, Apples, Google

  "Groupon Clipping". www.newyorker.com. December 20 & 27, 2010.

• The history of the Internet is, in part, a series of opportunities missed.

  James Surowiecki

  Opportunity, Internet, Series

  "Groupon Clipping" by James Surowiecki, www.newyorker.com. December 20 & 27, 2010.

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