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THE MANAGER DEATH SPIRAL

reforge.com • Crossing the Canyon: Product Manager to Product Leader — Reforge

The difference between the unadjusted and the adjusted MEROI is a function of what percentage of SG&A isreclassified and the assigned amortization period. (See the appendix for a more detailed discussion.) If noSG&A is considered to be an investment, no adjustments are necessary. The higher the percentage of SG&A that is capitaliz... See more

Morgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation

Patrick O'Shaughnessy

@patrickoshaughnessy-6ce8

https://t.co/sqKUiHj7q0

Zvi Mowshowitz

x.com

I like to say that I write about media generally and journalism specifically because the industry is a canary in the coal mine when it comes to the impact of the Internet: text shifted from newsprint to the web seamlessly, completely upending the industry’s business model along the way.Of course I have a vested interest in this shift: for better or... See more

Ben Thompson • The IT Era and the Internet Revolution

CHAPTER TAKEDOWNS

Jason Fried • Rework

The question, then, is what advantages does the previous technology retain over the new technology? If the answer is “none,” then the previous technology will become extinct, like eight-track. If the answer is “some,” then the question is, how big a market will the old technology continue to command based on those advantages?

Jack Kilborn • Be the Monkey - Ebooks and Self-Publishing: A Dialog Between Authors Barry Eisler and Joe Konrath

After that meeting, Warren Jenson took Greeley aside and berated him, in that moment seeing free shipping as nothing but another potential balance-sheet buster.

Brad Stone • The Everything Store: Jeff Bezos and the Age of Amazon

During the Depression, the returns option became practically universal among trade houses. Although publishers perennially complain about returns, they are actually indispensable. Returns enable bookstores to take risks stocking titles on which they have no sales history and for which they have only the publisher’s conviction as an indicator that t