Sublime

Divergence and convergence are not a linear path, but a loop: once you complete one round of convergence, you can take what you’ve learned right back into a new cycle of divergence. Keep alternating back and forth, making iterations each time until it’s something you can consider “done” or “complete” and share more widely.

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

Disruptive innovation, the one you need to implement to remain competitive over the long term, employs a lot of capital and creates many jobs. But corporate executives usually favor efficiency innovation, whose main consequences are the freeing of invested capital (hence the record-high corporate dividends[263] in the recent period) and massive job

Diversification is not guaranteed, however, especially if the monopolizing firm (or species) has the power to crush all offshoots, or buy them up, or deprive them of the resources they need to stay alive. Diversification doesn’t work as a strategy for the poor.

The emergence of capital has at least three notable effects. Firstly, the more capital we succeed in creating — the process is risky, remember, and we can’t guarantee we will create any — the more specialized we are likely to individually become, meaning the less our understanding of supply and demand helpfully extends beyond our own circumstances