Each time one paradigm runs out of steam, another picks up the paceIt is important to note that Moore’s Law of Integrated Circuits was not the first, but the fifth paradigm to provide accelerating price-performance. Or is there something more profound going on?In my view, it is one manifestation (among many) of the exponential growth of the... See more
I use the word arbitrage because we're not talking about different markets in different geographies. We're talking about different markets that exist in different people's minds. If I can fundamentally understand, and believe in, a market more clearly than any other investors then my equation can change in ways that give me an advantage.
What Happens Next?There is a LOT of money still sitting on the sidelines waiting to be deployed. And it WILL be deployed, that’s what investors do. Pitchbook estimates that there is about $290 billion of VC “overhang” in the US alone. But I believe it will be patiently deployed , waiting for a cohort of founders who aren’t artificially clinging to... See more
Andy Kessler on the other hand, states that innovation on the computers' and digital fronts (citing Moore's Law amongst other things) is not something you should easily discard as non-innovative. He goes back to the discovery of oil in Philadelphia during the 19th century and the creation of a massive industry in the following decades.
The most lasting and effective way to change your life is to change who you’re surrounded by. Since networks so powerfully shape who we are and what we do, the best way to change ourselves is to change our networks.This is a big limitation at the way we look at self-development and self-transformation. We think we can just roll out of bed one day,... See more