Sublime

What owning a job means is they start a business in which they are the only employee, which means they are in high demand.

“the endowment effect,” our tendency to undervalue things that aren’t ours and to overvalue things because we already own them.

When we own something, we value it more highly than an identical item that we do not own. Richard Thaler was the first to name this cognitive illusion, calling it the endowment effect.

In one of my favorite books of all time, Play Bigger, the authors define the leader of a niche or category a “category king.”17 This is the company that is the big player inside that market. The data shows that category kings usually eat up 70–80 percent of the category’s profits and the market value.

“profit per partner” should be viewed as the professional firm equivalent of “return on equity.” The time and efforts of the partners (who have a claim on the profits of the firm) can be seen as the firm’s equity investment (often called “sweat equity”).

heterogenen Kollaborationen und die Neogemeinschaften.