Interviewer: When you consider an acquisition, what are the first things you look for in a management team? Buffet: Well, what do you look for in a girl? Seriously, you look for the logical things - passion, an interest in running the business, honesty. Such as, do they love the business, or do they love the money? This is the first filter. I mean real passion; Mrs. B ran Nebraska Furniture Mart until she died at the age of 103 - that’s passion.

Gerd Leonhard : If one looks at the media business, there is certainly a great amount of change that is happening. It is expected to only increase further in the next decade. Key directions as mentioned by Gerd Leonhard: Exposure and Discovery leads to revenues: In this age of DIY music , there is a need for effectively bridging the consumers and media content providers. In this aspect,the grokster case will have a significant impact on the future direction

I have been thinking of moving to typepad for the past 1 week . Finally I managed it today .Moved all my blogger entries to typepad. With some free time around the corner, I am hoping to increase my blogging entries for this month.

In an interesting article by Paul Ford , the author takes us through a fictional journey where google becomes the most powerful company beating the amazons and ebays of the current world. The way google moves away from its other players is the use of semantic web where the relationships between the vast information repositories around the world are going to play a critical role to synthesize knowledge. The three powerful services of google’s strategy are spelt forth as

Alvin Toffler in his book “The Third wave”, talks about the rise of prosumer, the economic agent who is responsible for producing as well as consuming, as opposed to the consumer of the Industrial age. Current TV does seem to be the signs of that phenomenon in media, where the content is aggregated from a variety of people and distributed to large masses of people. Mass media content suffers from a long list of drawbacks.