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Another asymptote may be that while Amazon is great at being the site of first resort to fulfill customer demands for products, it is less capable when it comes to generating desire ex nihilo, the kind of persuasion typically associated more with a tech company like Apple or any number of luxury retailers.

Investing is all about the long-term ownership of businesses. Speculation is precisely the opposite. It is all about the short-term trading, not long-term holding, of financial instruments—pieces of paper, not businesses—largely focused on the belief that their prices, as distinct from their intrinsic values, will rise.

Step Two: Unbundle Students from Universities Universities could continue to exist as a combination of a local community and a filtering mechanism. A university is still a great way to find friends or a partner, assuming it continues to filter out people you're unlikely to have as close of a relationship with.

Every action you take is a vote for the type of person you wish to become. No single instance will transform your beliefs, but as the votes build up, so does the evidence of your new identity

Be aware that management books tend to be written by management consultants who study successful companies during their times of peace. As a result, the resulting books describe the methods of peacetime CEOs.

a phone without an answering machine would ring incessantly until the caller gave up. You had to answer the phone in order to stop the phone. But the main reason everyone always answered the telephone was the impossibility of knowing who was on the line. Every ringing phone was, potentially, a life-altering event. It might be a telemarketer, but

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