In a recent pod, @balajis recommended the book “The Kill Chain,” about how America is behind China militarily.
Here’s a quote from the book:
“The problem is not that America is spending too little on defense. The problem is that America is playing a losing game.
Over many decades we have built our military around small numbers of large, expensive, exquisite, heavily manned, and hard-to-replace platforms that struggle to close the kill chain as one battle network.
China, meanwhile, has built large numbers of multi-million-dollar weapons to find and attack America's small numbers of exponentially more expensive
military platforms.”
Source:
And one of my favorite quotes:
“If those folks only knew how many bombs the US military has dropped using Google Maps,” my friend told me, “their heads would explode.” $GOOG
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This is the kind of thing that just kills a book for me: when the author can’t get basic things right, and I start having a book version of the Gell-Mann Amnesia Effect. tefter.io/bookmarks/4545…
For example, this is from @chafkin’s book The Contrarian:
“Facebook would develop a monopoly on social media and use that monopoly to crush competitors, charging progressively higher fees to advertisers while telling the world that this predatory behavior was a social good.”
1st: Facebook doesn’t charge higher fees; ad prices are set..
by auction, and prices fluctuate with supply of ad inventory (prices came down a lot with the introduction of Stories) and demand from advertisers.
Second, Facebook the idea that Facebook is a social media monopoly is risible, particularly with the recent explosion in
My prediction: BNPL providers will grow much faster than CC over the next decade, because they’re starting with a tiny sliver of commerce. That’ll create enormous value. 1/4
V/MA will be like mainframes: IBM’s MIPS continue to go up but it’s no longer where the cutting edge is. Cash is still growing and CC will keep growing but I expect BNPL to grow a lot faster. 2/4
Because Affirm is a digital-first company with real engineering chops, they have a massive advantage in building great software. They are unbundling credit cards… but maybe that’s the just the start? 3/4
Peloton Apparel... I think this could be huge if well executed. Maybe I'm anchoring too much on Lululemon (which is fantastic) but I don't think in 2021 many people want to wear a large logo? $PTON
If you're a "lets get sweaty brand," do you really want cotton apparel?
The press release only talks about synthetic fabrics, which is the way to go: