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February 21, 2005

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» The Physics of Hype from Test
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Comments

relaxing

Very interesting article.

A corporation's goal is to maximize profits for its investors. Wall Street's goal is to maximize their investments by finding corporations with maximal profits and a maximal future increase in profits. These are the Acceleration people.

I wonder if this is the root of the Acceleration culture, or does it go deeper?

Looking at the 2nd derivative is useful not just to those interested in profit, but those interested in the longview, in predicting trends, if not to banked on then to be used as content, because the acceleration view is inherently sensationalistic.

Jeremy

You're sorry for not posting more? What kind of self-important nonsense is that?

fling93

I don't know that Wall Street is as good a comparison as it sounds. A corporation is only worth something to a stockholder if it either grows or pays out dividends. The latter is perfect for retirees who seeks to earn an income from their investments. But it's not hard to pick what's a good investment when all you care about is stability and yield, so as I sees it, Wall Street can't supply very much value to that crowd (except the ones who need hand-holding), and instead cater to those looking for growth (who also tend to try and beat the market and trade more often, which means more commissions).

Michael J.

Re: Jeremy's self-important comment (dual meaning intended):

It's a friggin' BLOG! The whole point is to take your material and make it the most important thing in the world, knowing, in the post-modern sense, that it isn't, really.

Of course it's a conceit. To think anything is as serious as it appears is totally clueless.

And anyway, maybe he got email wondering if everything was okay, and he was being lazy by not responding to all 500 letters individually. Or perhaps the omniscient Jeremy knows this to be false?

David

Jeremy, what kinds of self-important nonsense are there? If you had provided a list, perhaps Chris could pick one, or we could all take a vote. One kind I can think of is making obnoxious comments on other people's blogs. Sorry I took so long to respond.

Jason Coleman

First, thanks for the post. You had posted last week (?) about a steady supply of short post versus occasionally posting some lengthy articles. I'm all a fan of some more substantial discussions, such as today’s (even if Jeremey disagrees); or at least my schedule prefers the occasional.
What about trend-setters such as Wired (and perhaps, Wolff, if he too is a professional opinion adjuster)? Don't they accelerate readers to buy into the next big thing by writing their predictions of the future. Not that I'm complaining, as I'm just a geek always in search of the latest toy. However, this all seems like self-fulfilling prophecy: the trend-setters telling us what's next.

Kaleberg

Wow, did you miss an opportunity. Consider:

A) Position People
B) Velocity People (first derivative)
C) Acceleration People (second derivative)

should have been followed by:

D) Jerks (third derivative)

I'm not making it up. That's the name for the third derivative of position. The name for the fourth is inauguration.

Jeremy

You are correct, that was rude and I apologize.

I have been reading too many blogs about blogging, I suppose . . .

Tim McGaha

At the risk of being pedantic, the technical name for a fourth derivative is "snap."

It's not the sort of thing you see every day...

Azeem Azhar
After a former colleague of mine at The Economist wrote "The Death of Distance" about the communications revolution, another colleague wrote a piece noting the several hundred other business books whose titles start the same way.
As I recall it was the same person!
chris anderson

Az,

Nope. It was Pam who wrote the note. Although Frances may have been editing the section that week, and certainly saw enough fun in it to let it thru.

Apols to everyone else for this insidery stuff; Az and I were at the Econ together back in the day.

micro sd speicherkarten

Some of you believe religiously that culture has absolutely no connections to social structures

There's a big gap between that statement and the belief that culture is 100% economically determined. Is there a relationship between hyperinflation in the Weimar Republic and Brecht and Weill's "Threepenny Opera"? Of course there is. Does the fact that the Weimar economy was very bad mean that art produced at the time was very bad? Of course not.

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The Long Tail by Chris Anderson

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