By the late '90s, those who were paying attention perceived the Internet as a 20-foot tidal wave coming, and we are all in kayaks.

The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds of billions of dollars that got invested in telecommunications, for example.

The Internet doesn't change everything. It doesn't change supply and demand.

The new environment dictates two rules: first, everything happens faster; second, anything that can be done will be done, if not by you, then by someone else, somewhere.

It's not enough to make time for your children. There are certain stages in their lives when you have to give them the time when they want it. You can't run your family like a company. It doesn't work.

Let chaos reign, then rein in chaos.

Investment decisions and personal decisions don't wait for the picture to be clarified.