There's no limit to how much a house in San Francisco can cost. There is no limit to how much heart surgery in any hospital can cost. There's no limit to what a four-year college degree can cost; it can potentially cost infinite because the government will just keep subsidizing it ... It's obvious what we need to do. We need to technologically disr... See more
As you can imagine, the local newspapers have struggled. There are a variety of reasons for this. Hedge funds have milked these companies for all their worth. Overpaid senior managers have fired their lowest paid employees (journalists), resulting in an inferior product. Facebook and Google have claimed a far larger chunk of the advertising pie.
There are certain things you have to be religious about in the company. That’s what I’ve taken away from that: There are some things where you have to say, “I’m sorry. I’m not going to look at the data on that. This is just what we’re going to do. We know that it’s right, and there’s nothing that’s going to shake us from that.” (Blumberg, 2018).