Introducing the Scottish-American travel dictionary πΊπΈπ΄σ §σ ’σ ³σ £σ ΄σ Ώ
Weβve put together this guide to keep the Tartan Army out of trouble in the States.
Read carefully to avoid confusing the locals, deeply offending the country, or being interrogated by Homeland Security over a sandwich.
Wow @NCAAWrestling officiating is TERRIBLE! Either Duke had a takedown yesterday and so did Valencia just now, or Duke didnβt but then neither did Valencia and Van Ness just got screwed. What on earth is a takedown???
FIVE. STRAIGHT. TITLES. πππππ
@pennstateWREST has mathematically clinched the team national championship title at the 2026 @NCAA DI Men's Wrestling Championships.
#NCAAWrestling
Iβm glad to see others say this: Sometimes big corporates hire consultants for their expertise, but often they hire them for cover and someone to blame. The work product could be done by a couple analysts, but consultants give the executive an excuse if things go wrong.
Lots of people, including me, are very excited about how AI is transforming services businesses.
The idea is that (i) the services TAM is so much bigger, and (ii) margins will improve bc AI - so let's throw a ton of money at the seemingly obvious opportunity.
But it's not that simple!
Not all of the TAM is addressable by technology. A chunk of services spend (I have no idea how to size or quantify) is paying for liability, credentials, and trusted brand names. It's buying cover, not output.
Not all margin expansion is durable. As competitors adopt the same AI, services re-commoditize on price. As clients realize AI replaced their junior staff, they demand savings passed through. Compression comes from both sides.
Growth still depends on people. AI raises the ceiling on what each person can handle, but doesn't remove it.
All in all, this was meant to be a call to examine the opportunity with a closer lens and be more thoughtful about which business models make the most sense for different opportunities and which are best positioned to capture lasting value.