"If Mr. Guttenberg [sic] had come up with the Internet instead
of movable type back in the late 15th century…
and for 400 years we had used the Internet for news and all
types of entertainment and all kinds of everything else…
and I came along one day and said I have got this wonderful
idea we are going to chop down some trees up in Canada and ship them to a paper
mill which will cost us a fortune to run through and deliver newsprint and then
we'll ship that down to some newspaper and we'll have a whole bunch of people
staying up all night writing up things and then we'll send a bunch of kids out
the next day all over town delivering this thing and we are going to really
wipe out the Internet with this…
… it ain't going to happen.
Warren Buffett, CNBC, May 4, 2009"
- Paola Bonomo