Kindle Link Love + Mr. Bezos apologizes for 1984

Here are the most interesting things happening in the Kindlesphere -

  1. Mr. Bezos posted an apology on behalf of Amazon at the Kindle Forum -

    Jeffrey P. Bezos says:
    This is an apology for the way we previously handled illegally sold copies of 1984 and other novels on Kindle. Our “solution” to the problem was stupid, thoughtless, and painfully out of line with our principles. It is wholly self-inflicted, and we deserve the criticism we’ve received. We will use the scar tissue from this painful mistake to help make better decisions going forward, ones that match our mission.

    With deep apology to our customers,

    Jeff Bezos
    Founder & CEO
    Amazon.com

  2. Ran into this epic list of free romance novels (be warned that it’s neverending) at the Romance Studio.
  3. Credit Suisse thinks the installed base of ereaders could soar to 32 million in 2014. They expect installed base of Kindle owners to grow to 20 million by 2014.
  4. Financial Times editor Lionel Barber thinks that most news websites will charge within a year.
  5. An excellent post on the Kindle and ebooks from Charles Pillsbury. One of the many gems -

    One problem with a musical analogy is that most musical artists don’t make the bulk of their money from the production and sale of records, but from their live performances. As with Radio, a musician can almost give away their “product” and it not hurt their bottom line.

On the financial front –  

  1. I have a college friend and an ex-roommate at Harvard at the moment (business school and physics phd program respectively) and have a lot of admiration for Jack Meyer. So this article on Harvard’s precarious position caught my attention.
  2. A related article on Jack Meyer leaving Harvard (due to the debate over his pay) is also worth a read.

It makes me wonder why there’s such a difference in my mind between -

  1. What Jack Meyer did at Harvard (admirable). 
  2. What John Arnaud did with his energy bets (impressive, however not my cup of tea). 
  3. Goldman Sachs and their recent ‘profits’ (would need some rather colorful language ;) ) .  

What’s the line between ‘investing well’ and ‘greed and manipulation’?

At what point do we say the rewards of financial investing have become out of sync with the value added?

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