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[Bonus Link:] Dave Winer on tech markets:
My own two cents, when thinking about declining tech markets, something I’ve seen four or five times — when a boom is tailing off is the best time to invest in truly new ideas. People’s thinking has been going in one direction for a long time, so long that all the big or obvious ideas have been tried, many times, and people are creatively exhausted. It’s a good time to change your assumptions, head off in a different direction. Everyone’s been zigging, so now it’s time to zag.
