Right, but when your job is to pick winners, this is a problem. Netflix has been doing a spectacular job of this lately, essentially turning themselves into a m

Right, but when your job is to pick winners, this is a problem. Netflix has been doing a spectacular job of this lately, essentially turning themselves into a must-have "channel". HBO, too, by going a la carte. Contrast with Blockbuster's decision not to buy Netflix. It may have been understandable, and hindsight is 20:20 (I left Google because I couldn't figure out how they'd ever make any money), but these are nonetheless big mistakes.