In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
It looks as if there is no tech bubble; instead, there seems to be individual bubbles surrounding specific stocks. That situation does not look as dangerous as an across the board bubble, but it does indicate a far higher level of market volatility than is being reported.
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The numbers indicate that WWE CEO Vincent Kennedy McMahon Jr. is some sort of visionary at the cutting edge of entertainment. He seemed to have the insight that wrestling fans would be willing to pay a flat rate of $9.99 a month for just the programming they wanted to watch.
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The political controversy that has erupted over “net neutrality” is a waste of time because net neutrality will have no real effect on the Internet or the way companies do business. The truth is that net neutrality will have virtually no impact on real people in the real world.
Read MoreBasically, any company that offers high-quality merchandise or a high level of convenience at a good price is poised to profit in this economy. People want to save as much money as possible, but they don’t want to think of themselves as “poor”; income inequality, which makes people conscious of poverty, drives this trend.
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So what will post-consumer society be defined by? My guess is it will be defined by a lot of choices, and a few giant retailers that provide those choices. An example would be Amazon.com.
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That means instead of becoming a cash cow, Netflix might find itself in a desperate struggle for survival in the next few years. Instead of a dominant player, it will find itself a niche content provider struggling to compete with giants with far greater resources.
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