The invention of paper in China around 105 AD made writing significantly easier and more accessible. Faster and cheaper to produce than papyrus and parchment – one Bible required the skins of 300 sheep to
produce – it contributed to the spread of literacy to the masses.
Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.
The incentives we bake into the products we build dictate which human desires we magnify. As we imagine new ways to create, distribute, monetize, and share
information, we’re also revealing what kind of people we aspire to be.