O'Reilly logo

Overconnected: The Promise and Threat of the Internet by William H. Davidow

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Introduction: New Lessons from the Internet

In 2007 I attended a lecture by Buzz McCoy, a financier who had directed Morgan Stanley’s real estate finance activities for more than a dozen years. Feeling mischievous in a room filled with economists, investors, and others who knew their stuff, I stood up and spoke out, blaming—of all things!—the Internet for the emerging real estate crisis. Laughter rippled through the room as I made the case that the Internet had created a world where speed erases the ability to reflect, where investors act in haste, driven by fear that others will snap up the best deals, where ill-considered investments are fueled by easy money. However, as I spoke, the laughter died down and heads began nodding. One person came ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required