A short thread on things that struck me from the book.
1/ The first obvious but surprising thing is that fungi is neither animal, nor plant.
For a long time it was clubbed into plants, but evolutionary history suggests that’s it’s a domain of its own.
2/ Though, surprisingly, it’s closer to animals than plants.
I did not know that.
3/ Have you ever thought how a bread kept outside gets fungus on it after a few days?
It‘a because fungal spores are everywhere in the air. You’re breathing fungal spores right now.
Fungi produces 50 mega tonnes of spores each each hear - equivalent of 500k blue whales.
4/ Another big aha for me was that 90% of plants depend on fungi for being alive.
So, when you go into your garden, look at your plants. They’re in symbiotic relationship with fungus.
Fungus gives plants minerals, while plants give it carbon (from photosynthesis).
5/ But what *is* fungus?
Most of us know fungus as mushrooms, but they’re just fruits of the real thing. They’re fruiting bodies for animals like us to eat and in process spread its spores.
6/ Fungus can be single celled organism (yeast that brews your beer and bread), or it can be multicellular filamenty beast (called mycelium) that can spread across the forest for kilometers under earth the sand.
8/ The largest fungus - the honey fungus - is actually the largest living thing on the world.
2/ Markets are competitive and initial success usually leads to other companies or new startups trying to copy and replicate such success for themselves.
1/ Proven physical theories are called laws because they dictate how our world operates.
If there were such a law of capitalism, it would probably be the fact that profits attract competitors who try to eliminate it by offering customers either a lower price or a higher quality
2/ This law thus allows for only two types of businesses to exist: cost-focused business or quality-focused business.
Think of a McDonald’s v/s your neighborhood gourmet burger restaurant.
Any business that tries to be both doesn’t work out in the long run.