Moan, Groan, Whine-Whine

Lee Benson's column today (Deseret News) is "Newspapers' cash cow being slaughtered". At the same time, sources for news have grown exponentially.

Newspapers have a real history in this country. They come from humble beginnings. Lee is experiencing what so many have already experienced. The times change and capitalism is not very forgiving. You either adjust or die.

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The latest in news at your fingertips is compelling. And being 'connected' just took a quantum leap with the new Instinct. The newspapers have taken no leap at all. Why should we all cling to the newspaper when there are so many better outlets.

Here are a few other products/industries that had to adjust:

• 8-track tapes
• corner pay phone booths
• 5-1/4" floppy disks
• pagers
• paper grocery sacks
• the Chicago stock yards
• manufacturing of steel
• Oldsmobile
• yellow pages

So why bother to post to our blog the demise of the newspapers. Well, I think it is something that will continue to happen in the market place and it can be instructive to us as entrepreneurs.

Our investing arena is changing before our very eyes as well. Real estate has always been cyclic and I don't see that changing any time soon. Therefore, now is the time to buy properties and hold them. For instance, a deal came in from Park City today (it could just as well be Midvale, Salt Lake, Provo, Ogden, etc) that is going for 1/2 the tax value.

And just look who's coming to town to sell their 'secrets' - Donald Trump and Robert Allen. They think it is a good time to educate others to go do what we already know how to do.

Now is the time and epMoney is chomping at the bit to help.

If you find a deal, then you ought to do it now! If you can't do the deal right now, would a partner help? I'd venture to say that 1/2 a deal is better than no deal at all.