Summary is in the middle: "Smartphones have exacerbated the monkeys and typewriters problem," says says Paul Kedrosky, a veteran investor. "Given enough people

Summary is in the middle: "Smartphones have exacerbated the monkeys and typewriters problem," says says Paul Kedrosky, a veteran investor. "Given enough people with smartphones, a teen from New Jersey will turn his bar mitzvah money into $300,000, purely by chance."