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Rating(3.9 / 5.0, 100 votes)
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100 reviews
July 14,2025
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As with many of Michael Lewis’ books, this one presents a unique blend of comprehensiveness and seeming insignificance all at once.

Specifically, this book delves into the early impact of the internet.

Written in 2001, it is inevitably a bit dated. However, what is truly surprising is that many of the ideas and arguments it contains still hold a great deal of relevance today.

I was particularly struck by how much of it resonated with me. The format of the book, along with the engaging anecdotes, made it a highly enjoyable read.

It offered a fascinating perspective on a time when the internet was just beginning to revolutionize the way we live, work, and communicate.

Despite its age, this book serves as a valuable reminder of the power and potential of new technologies, and the importance of understanding their early impacts.

Overall, I would highly recommend this book to anyone interested in the history of the internet or the evolution of technology in general.
July 14,2025
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Sometimes when you are deeply engrossed in reading a book, certain phrases unexpectedly pop into your brain. In this case, the phrases that came to mind were "You're doing it wrong" and "trying too hard".

The general theme of the book appears to revolve around the disruption caused by technology and the resulting generational confusion. On its own, this is indeed an interesting theme. However, unfortunately, the author's take on it reads more like a rather one-sided view, such as "gee, the kids today - look how they are upsetting the apple cart" and "gee, adults today look how they don't get it". These are not themes that I can wholeheartedly support.

I believe the major flaw lies in Mr Lewis venturing outside his comfort zone. He attempts to tell stories, first about teens, then about Tivo, and finally about technologists who got stuck in not thoroughly thinking through their actions or beliefs. In all these cases, it seems as if he is cherry-picking extremes merely to construct the story he desires to write. And the stories, apart from the first one which pertains to investment and stock markets, are not very well executed.

The problem is that his narrative feels like that of a non-techie 30-year-old attempting to write about this internet thing (or technology in general) for non-techie 40-year-olds by focusing on techie teens. This is by no means the formula for a captivating story. In fact, it is a recipe for a very bad book. Given how amazing "Liars Poker" was, this book is a huge disappointment.
July 14,2025
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This book is of utmost significance for anyone who has a keen interest in what lies ahead.

It vividly showcases how the younger and youngest generations simply accept internet technologies as a given, lacking the complaints, worries, and misunderstandings that are often associated with older generations, such as those who are 25 years old.

The publishing industry has already undergone a transformation due to technologies, and the same holds true for reading and writing literature. There are more changes即将到来.

By making use of this book, one can gain a better understanding of what is possible, what is likely, and what has not yet even been imagined!

It serves as a valuable guide in navigating the ever-evolving landscape of the digital age and the impact it has on various aspects of our lives, especially in the realm of literature and communication.

Whether you are a young person eager to embrace the new technologies or an older individual seeking to bridge the gap and understand the younger generations' perspective, this book is an essential read.

It offers insights and perspectives that can help us all stay informed and prepared for the exciting and challenging times that lie ahead.
July 14,2025
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This article was written some time ago.

It is truly fascinating to read it now and observe how many of his predictions for the tech industry have actually come true.

The development of technology is advancing at an astonishing pace, and his insights and forecasts provide valuable perspectives.

I have a great desire to hear his take on the current state of the tech industry and how it has evolved in relation to his previous predictions.

His views may offer new insights and help us better understand the future trends and directions of the tech world.

By reflecting on his past predictions and comparing them with the present reality, we can gain a deeper appreciation for the complexity and dynamism of the tech industry.

Overall, this article serves as a reminder of the importance of forward-thinking and the value of having informed opinions about the future of technology.
July 14,2025
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I initially thought this book was a recent publication as I wasn't familiar with the Lewis title. However, it was actually written back in 2002.

Nonetheless, it proved to be an enjoyable read that delved into the impacts of technology, which are still relevant today. The author shares stories of how a group of kids utilized the internet to enter the adult world, much to the annoyance of the SEC and lawyers across the country.

Technology has radically increased the speed and access to information, making geography less significant and challenging traditional generational wisdom. All of these changes have had a profound impact on how we approach marketing and politics. After all, as McLuhan put it, the "medium is the message."

This book not only addressed institutional creative destruction, such as TiVo's effect on the television industry, but also individual displacement, like a 16-year-old kid influencing the market and providing legal counsel.

More broadly, it's fascinating to consider how the so-called Age of Information has transformed and challenged knowledge institutions to adapt to new technologies, including the law, stock market, middle-man fields like travel and housing, and seminary training.

Overall, this book offers valuable insights into the ever-evolving relationship between technology and society.
July 14,2025
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During the entire GME kerfuffle, I read this.

The aspect that really stuck with me the most was the amateur young stock broker.

It was quite astonishing to see how the SEC didn't penalize him.

The reason behind this was that they were afraid of facing a lawsuit and the very concept of expertise and financial professionals potentially crumbling.

This situation highlights the complex and often unpredictable nature of the financial world.

The actions, or lack thereof, by the SEC in this case have raised many questions and concerns.

It makes one wonder about the true power and influence of these regulatory bodies and how they handle such unprecedented situations.

The story of this amateur stock broker has become a symbol of the chaos and uncertainty that can prevail in the financial markets.

It serves as a reminder that even the most established systems and institutions can be shaken by unexpected events.

As we continue to analyze and understand the implications of the GME kerfuffle, the role of the amateur stock broker and the SEC's response will无疑 remain a topic of great interest and debate.

July 14,2025
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Some reviews of Next describe it as “dated,” but this is a misnomer.诚然,刘易斯在此讲述的一些故事——比如关于TiVo或Gnutella的——在2001年本书出版时更为前卫。

然而,就像《瓦尔登湖》一样,无论载体的时代如何,问题依然存在。在那本书中,梭罗告诉他的读者:“老年人说你做不到的事,你去尝试,就会发现你能做到。旧的行为适合老年人,新的行为适合年轻人。”这就是刘易斯的主题:互联网模糊了年长的、已确立的权威与傲慢的新手之间的区别的方式。他对后者毫无歉意的同情可能看起来像是事后诸葛亮,但它造就了一个充满热情的声音。

Next是一组精心构思的作品,刘易斯在其中探讨了知识市场——一个以前由内部人士控制的地方——由于互联网而受到外部人士威胁的方式。如果这听起来很枯燥,那么这本书并非如此。刘易斯以乔纳森·勒贝德的故事开头,他是第一个被指控犯有股票市场欺诈罪的未成年人,他对美国全国广播公司财经频道屏幕底部滚动的数字的简单好奇促使他开始在线交易,而且做得非常好,以至于他被美国证券交易委员会传唤讯问。像Next中的其他内部人士(或“现任者”)一样,美国证券交易委员会被描绘成一群小丑,除了“操纵市场”之外,甚至无法描述勒贝德做错了什么。勒贝德的观点——市场上的每个人都在“操纵”市场,这首先就是使它成为一个市场的原因——被美国证券交易委员会忽略了,但读者不会。其他故事,比如关于马库斯·阿诺德的故事,一个15岁的少年成为了互联网上的法律专家,并在此过程中激怒了数千名律师,也呈现了类似的人物。(我差点写“类似的英雄”,但停下来了,因为刘易斯从未把这些人描绘成特别勇敢或厚颜无耻的;相反,他们只是年轻人,用似乎是常识和电脑来实现一些期望的结果。)

刘易斯最令人难忘的短语之一是“金字塔和煎饼”。在一些传统组织中,信息从金字塔顶端的人向下流向底部的人。互联网所促进的是一种更像煎饼的信息共享状态,在这种状态下,专业知识在更多人之间更均匀地分布。他通过电视广告等项目研究这种现象的方式使这本书读起来很有趣。Next从未令人惊叹,也不会让你停下来抬头思考片刻“那太不真实了”。但你会发现它很吸引人,并且肯定会对刘易斯关于青年和年龄、边缘和中心、金字塔和煎饼的论点印象深刻。
July 14,2025
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Interesting food for thought, though (obviously) a bit dated. The premise of the book is how the Internet has changed (and is rapidly changing) society. He uses "Internet" when he really means "the World Wide Web," since it was the Mosaic/Netscape browser that opened up the internet to everyone. But anyway...


Lewis is describing facets of modern America, with some snark, but on the whole in a very judgement-free manner: this is what we've become. However, we only become this if we allow ourselves to. Just like you're likely to become part of the American obesity epidemic only if you follow the crowd and eat the Standard American Diet (SAD) of processed foods and soda. Sure, Jonathan Lebed could make hundreds of thousands of dollars on Internet-facilitated pump-and-dumps on penny stocks...but only because there were thousands of idiots willing to believe anything he said without evidence and become his victims. As Mencken famously said, "No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby."


Where Lewis most obviously missed the boat--not his fault, but still--was on the Internet and politics. He speculates on the ability of the internet to move America from a representative to a direct democracy. In fact, the main impact has been to remove all intermediation from public discourse. Now we have uninformed opinions and outright lies competing with researched news in near-identical wrappers. Fact checking has been replaced for most people with "do I want this to be true?" Welcome to the future.


Anyway...I found this kind of depressing overall. I've been writing software professionally for nearly 35 years, and while I love technology and computer science, I think the Internet is as good a proof of Sturgeon's Law as anything you're likely to find.

July 14,2025
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I have a particular penchant for his finance books, yet this one still manages to be beautifully written. It gives the impression of an extremely elongated Atlantic article.

Spoiler alert: The title holds a certain degree of irony. This isn't about envisioning the future or foretelling the alterations that technology will usher in; rather, it delves more into how technological trends mirror the concurrent social changes. This makes it a significantly more challenging book to pen and perhaps also to peruse. However, considering its concise length, it is well worth your time.

I would like to add that a great many of Michael Lewis's books are often misinterpreted. I am among those who at least devote half of my attention to treating his finance books as "how-to" manuals. Nevertheless, I am cognizant that he typically has a more profound point that extends beyond the hype or the doom and gloom that the majority of people attribute to any form of futurism.

I award five stars to counterbalance some of the individuals who are incapable of reading properly. Ordinarily, I do not assign ratings.
July 14,2025
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There's always the inherent risk of delving into a book about the future that is now almost two decades old.

I firmly believe that Lewis' reporting and writing have endured relatively well, although admittedly only to a certain extent.

The final third of the book seems to lose some of its momentum and fades away, and this would likely have been the case for me even 20 years ago.

I don't think there was an adequate time lapse between his previous work, "The New New Thing," and this particular one to truly gain profound insights into the Internet boom.

It gives the impression of being hastily completed, as if in a frantic search for some overarching truth that was extremely challenging to extract in the context of that specific era.

Perhaps with more time and distance, a more comprehensive and accurate understanding could have been achieved.
July 14,2025
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Michael Lewis truly has a remarkable gift for writing interesting stories. His works have the power to engage readers and draw them into the narrative.

However, it is a bit unfortunate that the particular book in question now seems more like a history book focused on old technology. While it may have been relevant and exciting at the time of its publication, the passage of time has perhaps shifted its significance.

Nevertheless, it is important to remember that even though the technology it describes may be outdated, the lessons and insights it offers can still be valuable. Lewis's writing style and his ability to bring the subject matter to life make the book worth reading, even if it is now seen through the lens of history.

Overall, Michael Lewis's talent as a writer is undeniable, and this book, despite its current classification as a history book about old technology, still has much to offer.
July 14,2025
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A truly admires his writing. It is evident that a great deal of research has gone into it, making it highly informative. The content is presented in a clear and engaging manner, which keeps the reader hooked from start to finish. Each sentence is carefully crafted to convey the intended message precisely. The use of relevant examples and statistics further enhances the credibility of the writing. It is not just a piece of text but a valuable source of knowledge. Whether it's about a particular subject or a general topic, his writing always manages to provide unique insights and perspectives. A can't help but be impressed by the quality and depth of his work. It serves as an inspiration for A to strive for excellence in his own writing.

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