The theory of the long tail, developed by Chris Anderson, and covered in this Economist article, shows that money can be made on the periphery of an industry, without being a hit.  This is a phenomenon built on the internet.  It is interesting to apply that theory to banking. Economist.com | Articles by Subject | What the long tail will do The niche, the obscure and the specialist, Mr Anderson argues, will gain ground at the expense of the hit. As evidence, he points to a drop in the number of companies that traditionally calculate their revenue/sales ratio according to … Continue reading The long tail is affecting banks too

Many people are jumping on the Google is failing bandwagon. Scoble, Loosewire, and others.  Here are some contrary thoughts, just to stir everyone up. To set the stage, here is a quote from Google investor relations site. Google Investor Relations We generate revenue by delivering relevant, cost-effective, online advertising. Businesses use our AdWords program to promote their products and services with targeted advertising. In addition, the thousands of third-party websites that comprise our Google network use our Google AdSense program to deliver relevant ads that generate revenue and enhance the user experience. Lets go deeper. The theme in the comments … Continue reading Maybe Google is smarter than we think?