“The trick with computers I think, is to approach old and new things with the same reverence as you would like your favourite chair and not be seduced by the constant innovation otherwise you never do anything.”
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Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.
I have a crazy amount of different jobs, so the way I manage that is to not do more than one at a time. It's like old computers that had small memory chips, they would do something called swapping, where they would fill the memory with one task, do it and get it out.
From computers to information technology to airplanes, it has been America's unique blend of republican government and free-market capitalism that has allowed us to surpass all other nations in history.
I don't care how big and fast computers are, they're not as big and fast as the world.