(Excerpt from Modern Monopolies by Alex Moazed and Nicholas L. Johnson) Monopolies are typically viewed as a result of market forces breaking down—the forces of supply and demand aren’t able to keep a company’s...
(Excerpt from Modern Monopolies by Alex Moazed and Nicholas L. Johnson) (Fred Wilson) he has told what he called the “dentist office software story.” The story, “a modern day fable about defensibility in the...
(Excerpt from Modern Monopolies by Alex Moazed and Nicholas L. Johnson) The core argument in favor of markets was always that they were more efficient than central planning. In the United States, we take that as gospel,...
(Excerpt from You Are a Badass by Jen Sincero) When we’re in physical pain, we’re usually extremely proactive about figuring out how to make it go away immediately because, you know, it hurts. Even if we have to go...
I was at the NTUC supermarket queuing up to pay. There was a customer in his eighties making payment. He had no wallet and was counting his notes and coins. He inserted the notes into the cash machine and subsequently...
(Excerpt from 3 ideas, 2 quotes, 1 question (September 24, 2020) by James Clear) Architect Christopher Alexander on the importance of high standards: “In my life as an architect, I find that the single thing...
I loved to draw when I was young. And I scored pretty well in art while in school. But I don’t count myself as an artist. Far from it. I had no intention to become an artist. Maybe because I was told that it was...
(Excerpt from The Psychology of Money by Morgan Housel) Graham was constantly experimenting and retesting his assumptions and seeking out what works—not what worked yesterday but what works today. In each revised...
(Excerpt from The Psychology of Money by Morgan Housel) As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he...
(Excerpt from The Psychology of Money by Morgan Housel) The trick when dealing with failure is arranging your financial life in a way that a bad investment here and a missed financial goal there won’t wipe...
