Tidbits #39

Hello, hello! Here’s what I found interesting recently. Thanks for reading. 🗺 Geopolitics #1 Peter Thiel- “I do wonder whether at this point Bitcoin should also be thought in part of as a Chinese financial weapon against the U.S.” Peter Thiel: Well, you know, I think there’s sort of a lot of different things that … Continue reading Tidbits #39

Tidbits #30

Hello, hello! 👋🏻 👋🏻 Thanks for reading. A little longer than usual, but I hope you have as much fun reading it as I did writing it. If you can’t get through all of it, please at least check out #20! It’s awesome. I guarantee it. 🗺 Geopolitics #1 Twitter Locks Out Chinese Embassy in … Continue reading Tidbits #30

Competing Against the Past, Competing Against the Future

Three years ago, Capital Flywheels wrote a post titled “Why Amazon is so Hard to Compete Against“. Specifically, I argued that Amazon’s greatest advantage is not the commonly cited ones of scale or cash flow or brilliant management… (those things make it even harder to compete against Amazon)… …but rather Amazon’s greatest advantage is that … Continue reading Competing Against the Past, Competing Against the Future

World’s Two Most Interesting Companies Today…or the Intersection of Computation, Energy, and Human History

Open any (literally any) history book and you will find that historians (and people) believe the course of human history has been defined by an endless list of critical factors, events, and circumstances that ultimately defined the outcome. This is true for very long arcs as well as very short arcs. For example, this is … Continue reading World’s Two Most Interesting Companies Today…or the Intersection of Computation, Energy, and Human History

Payments and Loyalty

In my recent post, “The Coming Ecosystem War Over Your Wallet and Payments“, I argued that payments is increasingly becoming central to tech ecosystem strategies because of data: The desire for proprietary data (and the desire to keep proprietary data, proprietary) is driving further cracks into the open internet. Today, we live in multiple internet … Continue reading Payments and Loyalty

Apple’s Diversified and Robust Business Model

About 2.5 years ago, I wrote a post discussing how Apple’s business model (monetization through hardware) better positions them for our coming AI-future relative to Google’s (monetization through advertising). I argued that despite Google’s leadership in AI, their ad-driven business model could potentially be damaged in an AI-centric world, limiting the (business) degrees of freedom … Continue reading Apple’s Diversified and Robust Business Model

The Future of Ecommerce: Utilitarian vs Social

When people think about ecommerce today, they likely think about ecommerce along the lines of C2C (consumer-to-consumer), B2C (business-to-consumer), or B2B (business-to-business) – in other words, classification by type of buyers and sellers. Or perhaps people think about 1P (1st party) vs 3P (3rd party), depending on whether the ecommerce platform itself engages in the … Continue reading The Future of Ecommerce: Utilitarian vs Social

What Apple, Google, and Facebook’s Business Models Tell Us About Their Ability to Adapt to the Coming AI-Future

  Judging from market multiples, it’s clear the market is skeptical of Apple’s ability to continue to succeed and has been for many years (currently, 1-yr forward P/E of ~15x despite recent re-rating), while holding limited concern for Google and Facebook (both 1-yr forward at ~26x). This concern is understandable given the ever-changing tech environment and … Continue reading What Apple, Google, and Facebook’s Business Models Tell Us About Their Ability to Adapt to the Coming AI-Future

The Importance of Focusing on Business Models

“Investment is most intelligent when it is most businesslike.” – Benjamin Graham “I am a better investor because I am a businessman and a better businessman because I am an investor.” – Warren Buffett Most investors define themselves along a couple of axes: Technical vs fundamental, value vs growth, long vs (and/or) short, contrarian vs momentum, … Continue reading The Importance of Focusing on Business Models