The dawn of the information age in the early 1990s marked a meteoric rise in the global email industry with Yahoo and Hotmail as the first tech behemoths to acquire a lion’s market share of 12 million and 30 million active users respectively.
Gmail, on the other hand, was very late to the party as it was launched only in 2004. And as is apparent, it wasn’t going to be a cakewalk for Gmail to dislodge these giants.
God plays dice with the universe. But they’re loaded dice. And the main objective is to find out by what rules they were loaded and how we can use them for our ends.
- Joseph Ford
Have you ever noticed?
Approximately,
- 80% of wealth is held by 20% of the population
- 80% of your success is attributed to 20% of your efforts
- 80% happiness comes from 20% of the relationships
- 80% of portfolio returns are contributed by 20% of your stock ideas.
Costco is the world’s fifth largest retailer in the world with a net worth of around $ 170 billion. Since the day it got incorporated in 1983, the company has consistently locked horns with Walmart, the largest player in the retail industry.
Despite such relentless competition, the company has created its niche and in the process has managed to churn out billions of dollars in profits for over three decades now.
“Kehte hai kisi cheez ko dil se chaho,
toh puri kaiynaat tumhe usse milaane ki koshish mein lag jaati hai.”
An iconic dialogue from the movie Om Shanti Om held true for the founder of Marico. His passion and devotion pushed the brand to win against all odds.
A warrior never knows what’s going to be his next challenge or how mighty it will be. The only thing that he can master is his ‘will’ which can make him sustain the brutalities of war. One such warrior is Harsh Mariwala, father of an iconic brand, Parachute.
The last year has been one hell of a ride for the shareholders of the Adani Group companies. The stock prices of all six entities have given multi-bagger returns to its shareholders rising in the range of 2x-10x.
In the process, Gautam Adani managed to become the second richest man in Asia with a net worth of more than $76 billion.
In his all time classic work 'Fooled by Randomness', Nasim Taleb highlights how one tends to confuse luck and randomness to skill and determinism.
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Taleb emphasized that this discrepancy is quite clearly visible in the stock markets where a 'Capable Investor' can very easily be substituted with a 'Lucky Idiot'.