On bikeback, there is a delightful sense of self-direction and autonomy. Lately, I have taken to cycling slowly, more fun than the fast, competitive commuter cycling I used to do. No longer do I jump lights or attempt that irritating wobbling thing that semi-professional cyclists like to indulge in.

There's nothing new about anti-work philosophy. History is dotted with individuals and groups who decided that laziness was next to godliness and work was a waste of time.

When stuck years ago in a job I hated, my only friend was the public bench. As the tedious mornings dragged on, how I would long for the lunch hour, when I would be able to escape the torture of the office and stroll over to the churchyard and into the comforting wooden embrace of one of its benches.

These days we seem more bound to our bosses than ever before. We even identify our own selves with the jobs we do: 'What do you do?' is the first question we ask each other at parties, as if a job title could express a fundamental truth about our personality.

Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.

Now we're dealing with a younger generation of terrorists that are very, very savvy with computer skills, very savvy over the Internet, and very savvy with social media of the likes that we have never seen before.

What the Internet offers is this completely unfiltered transmission of thought to thought, of psyche to psyche, and whatever you're feeling, you can just sort of put it down and send it out there, and you can do it all in the confines of your room, without any actual contact.

Certain product categories become less attractive for us because, as they become mature, they become low-cost, and hence, there is less to invent. There is less to invent in a television, whereas in heath technology, there is a lot to invent. So we wanted to put our innovative power to work where it really matters.