Eugene Wei – Tech, Media, and Culture - [Invest Like the Best, EP.117]

What the internet and social media have done essentially is increase the surface area of status seeking to the digital realm and virtual realm, and vastly expanded that surface area.

I still think video has a lot of room to penetrate a lot of markets that we currently still rely heavily on text for

I certainly think there's a lot of great ideas locked away in books today that are very forbidding and not appealing to the masses which could be turned into educational content using video that would reach many more people

Young people realize that communicating quickly is most efficiently done by a photograph or video and not by writing text....They say a photo is worth a thousand words - there's some truth to that.

I think one of the most powerful things that any business can do is to clearly figure out why their growth flattened and why certain people don't use your product - it's often very different than what you think

The best salespeople actually try to understand the client and what their needs are first, and then they adapt their story to that

Everyone now has to figure out with their content how to compete with every other form of entertainment

Every person now has a choice at any moment in time for how to entertain themselves and they're always going to go to the best option because it's one tap away on their phone

I have this core thought that almost everything in the world could be fixed by tightening feedback loops