How Many Trillion-Dollar Companies Should There Be?

But put all of these clues together and a story emerges: if they really do have a high bar for mere mediocrity, but they also have the operating leverage to make a successful employee have a bigger impact on the world (and a bigger impact on their own net worth) than anywhere else, then their optimal strategy is to be a bit bloated specifically so ... See more

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?