Last week Barnes & Noble, the nation’s largest book chain, revised its earnings forecast downward for 2012. It expects to lose about $1.20 per share due in large part to heavy investment in the Nook. While painful for shareholders it makes sense as the brick and mortar stores are dinosaurs. I’m amazed how long it takes for outdated inefficient products to die. Our kids will laugh at us when we tell them how much time we wasted driving to a bookstore. Walking up and down aisles looking for a book as opposed to a quick download. I’ll probably be too embarrassed to tell them how much I paid for a new release in hardback. I don’t want to hear anyone wax nostalgic about being able to hold a book either. You can still take a horse and carriage ride in many downtown areas if that’s your thing. To me all they do is put a big pile of crap on the street for someone to clean up. Besides, technology will soon create some sort of display for you to hold and get a similar feeling without harming any trees. Yes, for those that can’t accept change you can still find the horse and carriage, typewriter, walkman and Polaroid somewhere. Although, Kodak is on the verge of bankruptcy according the Wall Street Journal. Like Blockbuster and Tower Records, the death of bookstores is progress. It’s not all bad for book lovers. There will still be government funded public library’s around. Just hopefully they are filled with iPad’s and E-Readers as opposed to shelves of dead trees collecting dust.