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Author Topic: Of Jamie Dimon, Warren Buffet, and the late Jane Jacobs.  (Read 98 times)
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October 28, 2017, 05:26:30 AM
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In her 1969 book The Economy of Cities, urbanologist Jane Jacobs (1916-2006) wrote something that foreshadowed the rejection of Bitcoin by Dimon, Buffet, and others of their ilk and station.

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Banks that provide almost all kinds of financial services to all kinds of customers have usually become generalized with age . . . They extend astounding amounts of money to tired old enterprises and sometimes . . . to charlatans who have the plausible and reassuring look of big, solid success. But old, well-established, generalized banks tend to dismiss out of hand ideas for genuinely new and unproved goods and services.

 
 
 
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