How Many Trillion-Dollar Companies Should There Be?
The most important question as an investor these days, or a founder or executive making a career decision is: Going industry by industry, how much refactoring is there to be done?
The final question is whether "TAM dreaming" can translate into dollars and cents in terms of valuation and execution. Forecasts have only one thing in common; they're all wrong. But appreciating directional size for a market can impact the equation.
Kyle Harrison • Markets, Markets, and Markets
Richard Thaler tells of a discussion about decision making he had with the top managers of the 25 divisions of a large company. He asked them to consider a risky option in which, with equal probabilities, they could lose a large amount of the capital they controlled or earn double that amount. None of the executives was willing to take such a dange
... See moreDaniel Kahneman • Thinking, Fast and Slow
In the market of ideas and technology, the top performers are at least 10x more valuable than the average performers—making hiring of utmost importance
Tyler Cowen • Modern Wisdom: #482 - Tyler Cowen - The Secret To Finding Great Talent
that, contrary to standard belief, the market shares of many technology companies could be predicted with great accuracy, even if the underlying changes in technology changed frequently.