"Television was dominated by one network — CBS in its early days. And Paley was a god. But he didn't like to hear what he didn't like to hear. And people soon learned that. So they told Paley only what he liked to hear. Therefore, he was soon living in a little cocoon of unreality and everything else was corrupt — although it was a great business. So the idiocy that crept into the system was carried along by this huge tide. It was a Mad Hatter's tea party the last ten years under Bill Paley."
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Businesspeople from the United StatesMemoirists from the United StatesJews from the United StatesPeople from ChicagoCompany founders
Original Language: English
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Charlie Munger, (p. 9 of 24)
https://en.wikiquote.org/wiki/William_S._Paley
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William S. Paley
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