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What’s interesting about blockchain instead is that it enables “frictionless binding contracts,” to use the language of economics.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Profits also come, in large part, from the firm’s ability, through its project team structure, to leverage the professional skills of the seniors with the efforts of juniors.
David H. Maister • Managing The Professional Service Firm
Price is the maximally compressed signal of economically relevant information.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The individual’s incentives must be aligned with the group’s goals.To
Ray Dalio • Principles: Life and Work
Walker explains how to define your search and excel based on opportunity and discretionary earnings, rather than simply following the herd with business search tools that leave many would-be buyers never reaching success. He shares advice on how to navigate a deal, offers insight into what to expect from the seller, and even provides guidance on wh
... See moreWalker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
Price is the most powerful indicator of a good’s scarcity
Hermann Simon • Confessions of the Pricing Man: How Price Affects Everything
It seemed really natural to give more funding to people who could do more with it and to find great deals for people who had money but didn’t have differentiated or interesting portfolios.