cognitive slavery / intellectual property

DANIEL.DAVIES at flemings.com DANIEL.DAVIES at flemings.com
Mon May 31 23:56:55 PDT 1999


'cause it isn't just the techno-nerds who live by their wits . . .

Couldn't help being reminded by this debate of the wise words my boss said to me the last time we discussed this sort of thing:

"Remember this. You don't work for this company. You work for a small syndicate composed of me, you and [the other banks analyst]. Our relationship with this company is that it provides us with a desk each, a computer each, and a salary which saves us from having to bill our clients for research. We are customers of this firm, not employees. Our franchise is completely trasferable, and if I think we can get a better deal elsewhere, we'll take it. Remember: shareholders' capital is plentiful, specialised labour is scarce. All the rewards of business flow to the scarce factor."

pretty f'kng strong stuff, I thought, for a public-school-educated twenty year stockbroker.

dd

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