I’m sure Warren Buffett spends a lot of time reading. But always remember that his wealth was built on the balance of compounding wisdom and relationships. In fact, the two reinforced each other. Go and do likewise.
Let’s cut straight to the chase: advertising isn’t the right business model for Twitter. Twitter doesn’t have the scale for advertising (it has about 10% as many MAUs as Facebook) nor the ad chops (hence its low ARPU).
There’s simply no deep reason that economic growth requires increasing use of any physical resource. Economic value is all about the configuration of stuff, not the amount of stuff. If you took a hammer and smashed your phone to pieces, the resulting pile of trash would still contain the same amount of silicon and cobalt and gallium arsenide and so... See more