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An obsession with business models—how you capture value—is particularly risky, because value capture is a zero-sum game: from the very beginning, you accept that your success makes customers worse off.
Felix Oberholzer-Gee • Better, Simpler Strategy: A Value-Based Guide to Exceptional Performance
Trae argues that a lot of high-margin software businesses have no impact on society, and sometimes even a negative impact on society
- There are high-margin software companies that do important things, but many are related to advertising, capturing human attention, or creating obscure developer tools for enterprises
- These software compani
Patrick O'Shaughnessy • Invest Like the Best with Patrick O'Shaughnessy on Apple Podcasts
What’s causing the productivity slowdown? The subject is controversial among economists, and many different answers have been proposed. Some have argued that it’s merely that existing productivity measures don’t do a good job measuring the impact of new technologies. Our argument here suggests a different explanation, that diminishing returns to sp... See more
Patrick Collison • Science Is Getting Less Bang for Its Buck
In a high-performance environment, paying top of market is most cost-effective in the long run. It is best to have salaries a little higher than necessary, to give a raise before an employee asks for it, to bump up a salary before that employee starts looking for another job, in order to attract and retain the best talent on the market year after y... See more
Reed Hastings • No Rules Rules: Netflix and the Culture of Reinvention
For these reasons, prices may pass statistical tests for randomness, but they are not themselves random (although it is plausible that their randomness is random, and that randomness is random, and so on) but rather are unpredictable on the basis of market data alone. They are, however, predictable to the extent that the predictor accurately assess
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