Increasing returns

In 1984, you could have bought a single share in Warren Buffett’s investment company, Berkshire Hathaway, for $1,300. Yesterday, you could have sold that share for $200,000. Sadly, in 1984 I didn’t have $1,300 to spare. And I’d never heard of Berkshire Hathaway.

Sigh.

Recycled news

Lovely column by Jack Shafer about why news headlines seem so familiar. Sample:

But the periodicity of the news has another cause, as press scholar Jack Lule discovered more than a decade ago in his book Daily News, Eternal Stories. Lule proposed that the news was less a pure journalistic creation than it was the modern expression of ancient myths.

Like many all-encompassing formulas, Lule’s reduction of news into myth suffers by attempting to explain too much. But after reading his book, you can’t help but notice how many front-page stories collapse into the seven master myths he assembles (which will sound familiar to anybody who has brushed up against Joseph Campbell’s The Hero With a Thousand Faces): the victim, a casualty of randomness or a villain; the scapegoat, who is punished for straying outside the social order; the hero, who smites evil; the good mother, who “offers maternal comfort and protection”; the trickster, the rogue who disturbs the social order; the other world, typically foreign countries; and the flood, or any other disaster.

Lovely stuff. Worth reading in full.

Advancing hordes

German_advance

This extraordinary snapshot showing German infantry advancing through crops in a Belgian field captures something of the shock of warfare that — for most people — came more or less out of the blue. I came on it (of course) while I was looking for something else. That’s the Web for you.

Source: Alex Selwyn-Holmes

Google knowledge

Nice cartoon in the New Yorker. Wife is mopping up pools of water created by her husband, who is (incompetently) washing up: “Do you really know what you’re doing” she asks, “or do you Google-search know?”