Sublime
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The Grand Complication reveals another fundamental characteristic of luxury goods: as price rises into the stratosphere, the number of units available also seems to disappear into ever-thinner air.
Hermann Simon • Confessions of the Pricing Man: How Price Affects Everything
Fourth, this artificially expanded opportunity will favor general bigness and concentration in finance itself.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Because of the widespread instability, it’s not enough for a business to be the market leader or the most profitable company. Rather the stake is to take the vast majority of the market[254], at (almost) any cost. Those who generate superior increasing returns to scale can crush competition and realize a sizable return on investment over the long t
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
“The perception of prices is no different than the perception of other stimuli,”
Hermann Simon • Confessions of the Pricing Man: How Price Affects Everything
Benjamin Rollert • Not Boring Memo: Composer
New is overvalued relative to great.
Ray Dalio • Principles: Life and Work
