“All truths are easy to understand once they are discovered; the point is to discover them” – Galileo Galilei
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- 5-3c1 One of the lessons from the last era of the internet is that if a service needs to be built, it will probably get built — if not as a public good, then as a private good
- 5-3d Innovation is invention catching on. Innovation itself is technology, and technology is knowledge. Innovation is knowledge becoming public.
Related:
- 3-1c3c2a Any ideas have the potential to be MORE universal (if not universal), and constraints are to be removed sooner or later because knowledge is irreversible
- 7-1a2 You can also make their problem as your problem by using growth as a guidance.
- 7-1b3 You can solve problems others will have but don’t have yet
- 7-1e We ask ‘what is the rich doing’ because they are the ones who have the resource to experiment with to find ways to cheapen the means of production
- Free market force coordinates the triad, don’t impede them—otherwise everything (i.e., the Plan Structure, the Portfolio Structure, and the Control Structure) gets distorted
- Be early (i.e., the minority):
- 3-1c3c4.2 “Whenever you find yourself on the side of the majority, it is time to pause and reflect”
- Only the low cost producers can operate indefinitely, and they will necessarily become dominant in that market. At later stage of the cycle the target audience is big enough to offset lowered margin. And consumers benefit from lower price. (20260114)
- 2-1c1a2 The attract-extract cycle - Bigger networks have less to gain and more to lose by interoperating
- 2-1c1a4 ‘Commoditize your complement’ tactic
- 3-1a4b8 With few exceptions, buy on the cheapest market and sell on the dearest leads to satisfaction of the most highly valued ends of each individual, both as consumer and as a producer