
How Many Trillion-Dollar Companies Should There Be?

The path from 0 to 1 might start with asking and answering three questions. First, what is valuable? Second, what can I do? And third, what is nobody else doing?
The questions themselves are straightforward. Question one illustrates the difference between business and academia; in academia, the number one sin is plagiarism, not triviality. So much o... See more
The questions themselves are straightforward. Question one illustrates the difference between business and academia; in academia, the number one sin is plagiarism, not triviality. So much o... See more
Peter Thiel • Peter Thiel’s CS183: Startup - Class 1 Notes Essay
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
Each company is trying to figure out how to strategize, how much to invest, what the technology should be. In a case like that, it’s not at equilibrium.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
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
Along these lines, the world would benefit from an organized effort to understand how we should identify and train brilliant young people, how the most effective small groups exchange and share ideas, which incentives should exist for all sorts of participants in innovative ecosystems (including scientists, entrepreneurs, managers, and engineers), ... See more
And I guess I don’t understand why anyone expects AI to make highly profitable quasi-monopolies even more profitable. How much bigger can the market for Office or Google search get? I understand that these companies feel the need to invest in AI for defensive purposes, to fend off potential competitors. But this need should if anything make them le... See more