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The price of everything, but the value of nothing

February 2, 2009

January 30, 2009 — LAKE FOREST, Calif.– WD announced the first 2 terabyte (TB) hard drive – the world’s highest capacity drive and the latest addition to WD’s popular, environmentally friendly, cool and quiet, WD Caviar Green hard drive family.

What can someone do with a two terabyte hard drive?

  • Store the entire library of Princeton University.
  • Store 20% of the Library of Congress.
  • Store every phone book from every city in the world.
  • Store more information than any human being can digest in a lifetime.
  • Store enough financial market data, so as to be able to data mine and prove any static trading algorithm with statistical significance.
  • It’s past midnight, and Rocky sits in front of his wall of computer screens watching the Nikkei approach prices last seen in 1982. He thinks of Oscar Wilde’s quote: “The Cynic is a man who knows the price of everything, and the value of nothing.”

    Rocky thinks Oscar Wilde’s quote is an anachronism: “The Cynic is a buy-and-hold investor in the Nikkei who fills a two terabyte hard drive, and needs a second one.”

    Rocky is a curmudgeon but not a Cynic. He smiles as he checks on his sleeping family, and quietly climbs into bed.

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    1. February 2, 2009 at 12:50 am

      Hello. I was reading someone elses blog and saw you on their blogroll. Would you be interested in exchanging blog roll links? If so, feel free to email me.

      Thanks.

    2. ld
      February 2, 2009 at 5:17 am

      I used to have similar thoughts about hard drive sizes until video came around.

    3. February 2, 2009 at 7:34 am

      There are perhaps a few thousand petabytes of information in the world. (1,000 terbytes = 1 petabyte). It is easy to imagine that, very soon, every human will be able to have his/her personal copy of every bit of data ever created. Once this point is reached, it is a near certainty that the typical piece of information will never be looked at by a human, and the ratio of useless (or wrong) information to useful (or correct) information will increase. Rocky’s blog will most likely be in the former category.

    4. February 2, 2009 at 2:59 pm

      Rocky might be interested in something I wrote a while ago:
      http://legacydaily.com/2008/08/future-of-internet/

      The reason I share this is to give Rocky another perspective of so much remaining to be captured. Reading what I wrote now, I recognize some parts I see a bit differently now but hopefully Rocky will see my point.

      Regarding sharing links on Blogrolls, perhaps this one might be of relevance:

      http://legacydaily.com/2008/09/say-your-hello-and-forget-about-it/

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