3 Best Reads of this Week

“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.

Nth Industrial Revolution?

In the past few years, I’ve come around to this mental model that the economic value of tech businesses are not easily calculated when looking just at public financial reports/filings (10k, 10q, annual reports etc.) at face value.