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October 08, 2008



I think you're missing the psychological dimension of information. Quite a few people knew quite a bit about bank exposure years ago, but nobody wanted to be the party pooper. Everybody willfully ignored any negative information, and not spending on IT infrastructure was an easy way to maintain bliss. The best explanation I have seen for this is here: http://www.atimes.com/atimes/Global_Economy/JE20Dj05.html

Chuck Hollis

Good point -- thanks!

The comments to this entry are closed.

Chuck Hollis

  • Chuck Hollis
    SVP, Oracle Converged Infrastructure Systems

    Chuck now works for Oracle, and is now deeply embroiled in IT infrastructure.

    Previously, he was with VMware for 2 years, and EMC for 18 years before that, most of them great.

    He enjoys speaking to customer and industry audiences about a variety of technology topics, and -- of course -- enjoys blogging.

    Chuck lives in Vero Beach, FL with his wife and four dogs when he's not traveling. In his spare time, Chuck is working on his second career as an aging rock musician.

    Warning: do not ever buy him a drink when there is a piano nearby.

    Note: these are my personal views, and aren't reviewed or approved by my employer.
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