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Digital products have one crucial disadvantage over atom-based products and services: Intangibility. Apps live on your phone or computer. No one can see them except for you.

What knowledge has the use of this technology disclosed to me about others? Is it good to have this knowledge?

For most new, low-cost robotics applications, the single biggest cost in acquiring the customer and generating revenue is the cost of the robot itself.

Peter Kaufman:  How many people do you know that are constant at what they do? I know a couple. Warren Buffett and Charlie Munger. Everybody wants to be rich like Warren Buffett, Charlie Munger. I’m telling you how they got rich. They were constant. They were not intermittent.

This isn’t new to culture — this is culture. The difference is that software now mediates a significant share of our experience within and between worlds. And software that affords presence or spatial awareness — from a simple video chat app to a more immersive game-like product — can establish a type of proximity between individuals, or even... See more

Victor Gruen, who is only indirectly responsible for the Transfer,  invented the shopping mall as we know it  in the 1950s in a utopian effort to recreate the pedestrian-friendly shopping districts that were vanishing from urban downtown areas due to the transformative impact of the automobile. The existing environment’s flaws, in other words,

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A small number of marketplace startups—four of them—account for 76 percent of consumer spend (Airbnb, Doordash, Instacart, and Postmates) )