"I have been thinking about [my high school teacher] Hattie a lot this year, not just because she died on July 31, but because the lessons she imparted seem so relevant now. We've just gone through this huge dot-com-Internet-globalization bubble — during which a lot of smart people got carried away and forgot the fundamentals of how you build a profitable company, a lasting portfolio, a nation state or a thriving student. It turns out that the real secret of success in the information age is what it always was: fundamentals — reading, writing and arithmetic, church, synagogue and mosque, the rule of law and good governance."
If you're a real masochist, the full text is at http://www.nytimes.com/2001/01/09/opinion/09FRIE.html
Carl
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