Bezos “said people who were right a lot of the time were people who often changed their minds.” http://www.forbes.com/sites/anthonykosner/2012/10/19/jeff-bezos-

Bezos “said people who were right a lot of the time were people who often changed their minds.” http://www.forbes.com/sites/anthonykosner/2012/10/19/jeff-bezos-on-people-who-are-right-a-lot-vs-wrong-a-lot-has-he-got-it-right/ http://www.forbes.com/sites/anthonykosner/2012/10/19/jeff-be... funny thing is that there is nothing that contradictory in what Bezos said in that article and his actions in buying the newspaper “There is one thing I’m certain about: there won’t be printed newspapers in twenty years. Maybe as luxury items in some hotels that want to offer them as an extravagant service. Printed papers won’t be normal in twenty years.” This seems true, I haven't read a printed paper in almost 10-15 years and the kids coming up today are probably not going to either. So this feels right to me. “On the Web, people don’t pay for news and it’s too late for that to change” This is true too, news it commoditized. A story breaks on Twitter or CNN within minutes. And within a day, you've discussed and argued over it with all your friends ... so why would anyone pay for information thats free everywhere else. What they will pay for is exclusive, well written content, that isn't available, for free, anywhere else. That I think, is where the secret of Bezos acquisition lies.