“As it applies to a product and technology organization, leading with context takes real effort to do well, and it’s a major responsibility of your product leaders. But if you want to empower your product teams and push decision making down to the people closest to the problems and the enabling technology, then it’s well worth your time.”Leading with Context Not Control, Marty Cagan “Long term is harder than most people imagine, which is why it’s more lucrative than many people assume.
“Duke economist Mike Munger calls these three types of transaction costs triangulation, how hard it is to find and measure the quality of a service; transfer, how hard it is to bargain and agree on a contract for the good or service; and trust, whether the counterparty is trustworthy or you have recourse if they aren’t.”Markets are Eating the World, Taylor Pearson “There are hundreds of thousands of complete SARS-CoV-2 genomes available and this number increases every day.
“Well-intentioned outsiders looks at a complex system, finds it confusing (because it’s illegible), and thinks they can improve it.
“The decreasing cost of starting a startup has in turn changed the balance of power between founders and investors.
“”For capital to be truly [inflation] indexed, return on equity must rise, i.e., business earnings consistently must increase in proportion to the increase in the price level without any need for the business to add to capital – including working capital – employed. (Increased earnings produced by increased investment don’t count.) Only a few businesses come close to exhibiting this ability.
“”I left my occupation 2+ years ago and now travel around the world living out of Airbnbs for 1-3 months at a time…No matter how one pretends, it’s going to be a lonely existence.