[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fS2OqoKZts2DkQIt_PDxFfdRhWOpWRJSL18uW8xKZoLg":3,"$fOYxYRQbiOrZWZHaE3BA9U5SMcXddr-b7UyIasOQY834":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},197291,"Walter Winnitzki","W",12,null,"walter-winnitzki",[],{"quotes":13,"pagination":129},[14,27,38,49,60,72,83,94,105,117],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2783303,"The general tech market has recalibrated their investment view that there's going to be very little tech recovery, very little pick-up in IT (information technology) spending in 2002; they're putting it off until at least 2003. So people figure, why buy these companies now?",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5758748,{"id":25,"tag_name":26},6610,"buy",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2783297,"Investors are looking at tech and saying that any gains in the industry will lag a broader recovery. That's true generally, and it's maybe especially prominent right now.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5758740,{"id":36,"tag_name":37},98300,"broader",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2783292,"Dell had some very good numbers in what has been a weak quarter for tech, but the results are more indicative of their success in gaining market share. There is nothing in their statement that implies IT (information technology) spending has picked up.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5758735,{"id":47,"tag_name":48},66488,"gaining",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},2783284,"Dell is a company that I think may have some value here but as its earnings growth comes down I think investors are looking at a multiple closer to where earnings growth rate is starting to show signs of bottoming out.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5758728,{"id":58,"tag_name":59},10188,"closer",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":71},2783282,"Dell is more the exception to the rule than the rule for what we're gonna see from other technology companies. This is Dell picking up market share in a no-growth market.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[66],{"id":67,"tag":68},5758723,{"id":69,"tag_name":70},2983,"exception","**The Backstory**\nWalter Winnitzki's statement was likely made during the early 2000s, a time of significant market shift in the technology industry. Dell, under Michael Dell's leadership, had been aggressively expanding its market share through innovative direct-to-consumer sales models. However, the broader technology market was experiencing a slowdown, making Winnitzki's comment a commentary on the industry's adaptability.\n\n**The Hidden Insight**\nThe hidden insight in this quote lies in the tension between being an exception and setting the standard. Winnitzki is highlighting that Dell's success is not indicative of a broader industry trend, but rather a departure from it. This paradox suggests that even in a stagnant market, there is room for innovation and disruption.\n\n**How to Use This**\nIn today's fast-paced business environment, professionals and creatives can apply Winnitzki's insight by recognizing that success often lies in embracing a contrarian approach. By identifying areas where they can diverge from the norm and innovate, individuals can carve out their own path to success, even in a crowded or stagnant market.",{"id":73,"quote_text":74,"author_id":5,"source_id":17,"has_image":18,"author":75,"source":76,"quote_tag":77,"commentary":9},2783275,"These stocks are pretty much earnings driven. If the earnings come through, I think the stocks are going to move higher and, on balance, I think we are in a healthy environment, which bodes well for stocks in this whole group.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[78],{"id":79,"tag":80},5758720,{"id":81,"tag_name":82},22892,"earnings",{"id":84,"quote_text":85,"author_id":5,"source_id":17,"has_image":18,"author":86,"source":87,"quote_tag":88,"commentary":9},2783265,"There's lots of across-the-board tech selling, but the moves are little. There's no big company news that is having an impact on any particular sector within techs.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[89],{"id":90,"tag":91},5758710,{"id":92,"tag_name":93},1405,"company",{"id":95,"quote_text":96,"author_id":5,"source_id":17,"has_image":18,"author":97,"source":98,"quote_tag":99,"commentary":9},2783252,"What's been happening is they've been changing the whole manufacturing process. Suppliers are now required to be on the premises or pretty damned close to it.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[100],{"id":101,"tag":102},5758697,{"id":103,"tag_name":104},5554,"changing",{"id":106,"quote_text":107,"author_id":5,"source_id":17,"has_image":18,"author":108,"source":109,"quote_tag":110,"commentary":116},2783230,"What we're seeing with tech is consistent with the last few weeks and before. There's a lot of red out there and it doesn't seem to be any one sector in particular.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[111],{"id":112,"tag":113},5758682,{"id":114,"tag_name":115},11767,"consistent","**The Backstory**\nWalter Winnitzki's words echo in the midst of financial uncertainty. As a historian, I place this quote within the context of the early 21st century, when the tech sector was experiencing a period of volatility. Winnitzki's statement likely reflects his observations during this time, possibly in a speech or an interview, as he navigated the complexities of the market.\n\n**The Hidden Insight**\nOn the surface, Winnitzki's quote seems to convey a sense of caution and uncertainty. However, the hidden insight lies in the subtle acknowledgment that the red flags (negative indicators) are not confined to a single sector, implying a more systemic issue. This nuance reveals a deeper understanding of the interconnectedness of financial systems and the potential for widespread impact.\n\n**How to Use This**\nWhen faced with uncertainty in your own professional or creative endeavors, adopt a similarly nuanced perspective. Instead of fixating on a single area of concern, recognize the potential for systemic issues to arise. By acknowledging the interconnectedness of your domain, you can proactively identify and mitigate risks, fostering a more resilient and adaptable approach to your work.",{"id":118,"quote_text":119,"author_id":5,"source_id":17,"has_image":18,"author":120,"source":121,"quote_tag":122,"commentary":128},2783212,"You have Taiwan Semi saying that future orders look weak and that's indicative of a lot of companies. You just had Sun Microsystems return to profitability, but then take it back for the next quarter. All these comments show that any tech recovery is probably pushed back until 2003.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[123],{"id":124,"tag":125},5758662,{"id":126,"tag_name":127},18487,"comments","**The Backstory**\nWalter Winnitzki, an American economist and stock analyst, likely wrote or uttered these words during the early 2000s, a time of significant uncertainty in the tech industry. The dot-com bubble had burst, leaving many companies struggling to stay afloat. The mention of Taiwan Semi and Sun Microsystems suggests that Winnitzki was closely following the tech sector's fortunes.\n\n**The Hidden Insight**\nOn the surface, Winnitzki's quote appears to be a straightforward assessment of the tech industry's prospects. However, upon closer examination, it reveals a nuanced understanding of the cyclical nature of market trends. The tension lies in the fact that Winnitzki is not simply predicting a bleak future but rather acknowledging the inherent volatility of the market, where companies can quickly swing from profitability to loss and back again.\n\n**How to Use This**\nTo apply this mindset today, professionals and creatives should be prepared to adapt to changing circumstances and not become overly attached to short-term successes or failures. By acknowledging the unpredictability of market trends, they can maintain a flexible and long-term perspective, allowing them to navigate the ebbs and flows of their industry with greater ease.",{"currentPage":130,"totalPages":131,"totalItems":8,"itemsPerPage":132},1,2,10]