I read the first 20% of the book on my iPad and finished on my kindle. As an aside I like reading on both but the eInk display makes it easier to read for hours at a time.

Back to the review. The House of Morgan is fantastic and an excellent read. That is of course if you enjoy learning about “An American Banking Dynasty and the rise of Modern Finance”. Ron Chernow spent years researching this epic treatise and I am glad he did. I learned more about finance, banks, bankers and government regulations in this one book than I have by regularly reading the Wall Street Journal. And as a side note the WSJ make a heck of a lot more sense after reading this book and learning the history behind the various companies.

Anyone who wants to learn about the present needs to first learn about the past. As Seymour Morris Jr. said in “American History Revisited” “History doesn’t repeat itself, but it does rhyme”. If you get the chance and are interested in the subject matter then read this book it will be well worth your time and I highly recommend it.

Here are a few of my highlighted portions of the book:

Their strategy was to make clients feel accepted into a private club, as if a Morgan account were a membership card to the aristocracy.

The bank won’t soil its white gloves with just anybody’s cash,

Like many who have overcome early hardship by brute force, he was proud but insecure, always at war with the world and counting his injuries.

“When the streets of Paris are running with blood, I buy.”

telescopic philanthropy—bountiful love for abstract humanity combined with extreme stinginess toward the individuals he knew personally.

Mexico was a resource-rich country that always held out a seductive promise of prosperity,

“an institution is the lengthened shadow of a man,”

“The world is divided into people who do things and people who get the credit. Try if you can to belong to the first class, there is far less competition.”

It all began with this tweet…

Inkling Media

RT @andreacecil: Just blogged: “Is e-mail dead?” – http://ping.fm/v0QBY

ethanD_local

@Inkling_Media No email is not dead and still has many years of vibrant life. It’s still the largest social network.

Inkling Media

@ethand_local certainly not dead. not sure i would call it a social network, per se, though.

ethanD_local

@Inkling_Media a social networking tool allows people to network socially, which is what many people do with email.

Inkling Media

@ethand_local but social network usually implies more of a group/community vibe, email is generally more one to one

ethanD_local

@Inkling_Media To: CC, BCC, “Reply All” are not one to one, they are one to many and many to one. Dare I mention email forwards

@Inkling_Media So are more than 2 people required to make up a “Social Network?”

Ben Craddock

@ethand_local @Inkling_Media Email doesn’t have the community “feel” of SoMe…I’m still getting one email from one person at a time.

ethanD_local

@bencraddock You’re still only getting one tweet from one person at a time, or one wall post on fb per person per time.

@bencraddock I’ve been hashing this one out with @inkling_media you should join the fray

Inkling Media

@ethand_local in the current sense of the word, i think it implies more, yes. it’s the jump from one-to-one to something larger

Ben Craddock

@ethand_local True…you can accomplish the same things using email or faxes or snail mail or in person. So what was the question again?

ethanD_local

@Inkling_Media my point is it doesn’t have to be large to be “Social Networking” 30 people with email using “reply all” is a social network

@bencraddock the question is whether email is a social networking tool, I think I’ll have to blog this

Inkling Media

@ethand_local i don’t think that’s entirely true. there is a much larger level of communication going on

@ethand_local i agree with the reply all. but i think in general, the one on one nature of email is more akin to a phone call

Ben Craddock

@ethand_local Sure email is a social networking tool. So are phones, paper, telegraphs, smoke signals…

Steve O’Donnell

@ethand_local @Inkling_Media isn’t all networking “social networking?”

ethanD_local

@odonnellsteve I would say so

(final tweet) Where two or more are gathered there will social networking be. @odonnellsteve @inkling_media @bencraddock

***********************************

Some more thoughts on why I believe email is the largest social networking tool on the internet.

Email is the building block of most other social networks

Yahoo groups, google groups, email notifications from twitter, facebook, youtube, forums etc. I’ve seen people “check facebook” by reading their email notifications. Were they engaging in social networking?

Defining the Terms

To really discuss the issue you need to sort of agree on a working definition. Since it’s 2009 I’ll use definitions from wikipedia.

Social Networking -A social network is a social structure made of individuals (or organizations) called “nodes,” which are tied (connected) by one or more specific types of interdependency, such as friendship, kinship, financial exchange, dislike, sexual relationships, or relationships of beliefs, knowledge or prestige.

Social Networking Service – A social network service focuses on building online communities of people who share interests and/or activities, or who are interested in exploring the interests and activities of others. Most social network services are web based and provide a variety of ways for users to interact, such as e-mail and instant messaging services.

An Example for my side

My church has a “pub night” once a month where the guys get together at a local pub and hang out together. The primary form of communication and coordination is via email and since it’s not a huge group everyone can be emailed at once. So the leader sends out a mass email and banter summarily ensues as many more people hit the “reply all” button and suggest locations, make fun of each other. After tallying the votes and non votes a location is decided on.

In this case study “Pub Night” is the social network of guys connected by church and our enjoyment of public houses. Email in this case study is the social networking service which allows us to interact with each other online.

It’s pretty much online social networking in it’s purest form.

Thoughts?

Be Real and Be Accessible

By being real and accessible you do two things.

First you aren’t full of hype, people like honesty and they don’t like fake stuff. Sure lying can work in the short term but long term it completely fails, and here is a secret, the internet is long term. If you put it up it can stay up 4-ev-er!

Second the internet is used for communicating, as will all other communicating audience participation is key, people want to feel involved, relevant and important. This is why we have talk radio instead of monologue radio, American Idol instead of “listen to a famous person sing” it’s by blogging is huge and why the wall on facebook is the thing you really care about.

People don’t want to listen all the time, they want to talk back.

Here is a recent story that illustrates this perfectly

NPR has a new radio program called the Bryant Park Project (BPP) they interview regular people about unique things.

They also blog - they use Twitter – and facebook

I first started following them on Twitter then started listening to their show every now and then.

They tweeted about the California ruling (which I had just blogged about) and mentioned their blog

I went to the blog and commented [right over here]

They emailed me and asked if I would do an interview

I said yes

They called and we chatted for about 10-15 minutes

I hung up

They put a few seconds on the radio

[link - here it is]

Analyze:

NPR the BPP included me and made me feel relevant, I got chosen because I was real (a real live homeschool graduate) and I was accessible, I was on Twitter, I commented on their blog. Now I’m more likely to talk about the BPP and now I’m their friend on facebook. A win for them and a win for me, this is the internet done well.

That’s all.

Be Real and Be Accessible!

questions, comments, interviews, let’s talk
ethandemme@gmail.com 717-556-0333