Scale-Economics-Shared business model as described by John D Rockefeller Jr 1916
[Costco, GEICO, Aldi, IKEA, Southwest etc]
Plus ça change, plus c'est la même chose
Michael Mauboussin on the 2 drivers of ROIC
1. High margins and low invested capital turnover = differentiation ( $MSFT, $ORCL, $META, $MA, $GOOGL)
2. Low margins and high invested capital turnover = cost leaders ( $WMT, $AMZN, $HD)
Boredom activates the brain’s default mode network.
Crucial for creativity and fostering a sense of self.
Boredom is a luxury in a world with constant overstimulation.
Inventory planning = solved.
@Seanfrank, CEO of Ridge, says AI has basically automated the demand forecasting, factory coordination, shipping timelines, and Excel work that used to require huge teams and bankrupt companies who got it wrong.
- "Tolerance to ambiguity is a personal trait influencing one's comfort and proficiency in navigating uncertain situations."
- "While salespeople are celebrated for their customer focus, negotiation skills and product knowledge, their capacity to embrace ambiguity is rarely studied."
- "Tolerance to ambiguity positively influence a salesperson's adaptive selling behaviour."
Want to become a billionaire? Help a billion people. The size of the fortune is just a receipt for the size of the problem you were willing to take on nothing else.