John Doerr on the difference between the old and new economy

The old economy was about people acquiring a single skill for life; the new economy is about life-long learning.

~ John Doerr

Tom Galvin justifies New Economy vs. Old Economy valuations (2000)

Look, I think tech stocks are innocent until proven guilty.  If Veritas is growing earnings 40-50% and Gillette is growing earnings at only 1.5%, is Veritas worth 20 times the multiple Gillette has?  I don't know, maybe so.

~ Tom Galvin, chief investment strategist, Donaldson Lufkin & Jenrette, Barron's, "The Trader" section, April 24, 2000