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Thinking Bigger: A Case in Point

December 10th, 2009

newspaper-stands1Early last month, I offered a comment the thrust of which was that many industries that “evolve themselves” out of business could survive and flourish were they to abandon their Luddite perspective and broaden the scope of the businesses they’re in.

I cited the railroads who might have done better had they realized they were in the transportation business, as could the oil companies or automotive manufacturers who should actually be in the energy or transporter business, respectively. One of the most obvious of these, and vanishing right in front of our noses, is the newspaper and print media business.


Reminder: Special Broadcast Join me on Take Stock with Ellis Traub, this evening (Thursday) at 7:30PM Eastern (6:30PM Central). Call (347) 857-3608 to listen. This evening IRVING ROTH, distinguished and beloved teacher, talks about his early investing experiences and his investment club.


Mitchell Chester, whose Website, SharedEmergency is listed under “Special Links” below, has a blog that’s well worth following. In his latest post, he gives  his readers a glimpse of  some in this business that recognize the problem and the solution. While they haven’t yet come up with all of the answers, some within the industry are working toward the “think bigger” solution. Embracing the very technology that’s threatening to put them out of business and seeking to prosper in a larger role with greater scope, they look toward to an exciting future in the information business.

You can’t help but be impressed by the video showcasing the Sports Illustrated magazine of the future. I found the comments about the swimsuit issue especially appealing. [There may be snow on the roof; but there's a fire in the hearth!]

Ellis Current Events, Food for Thought

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