Memo: On J-Curves and Agglomeration

My overarching thesis is that we are at the early stages of a multi-decade super-cycle of retail empowerment driven by the fact that “consumption, culture and community” are now tradeable assets. Consumption is no longer ephemeral, but persistent. No longer private, but communal. No longer limitless, but scarce. Consumption is, for the first time, ... See more

Today, the agglomeration is no longer on physical soil. It is shifting with an extraordinary pace to its digital counterparts: internet communities, social media sites, search engines and membership marketplaces (Amazon Prime, Walmart +). We live in a new, digital country without borders. To think that eCommerce will not become the preeminent form ... See more