Online Marketplace Businesses
Marketplace businesses offer one of the most durable competitive advantages available in the business world: network effects. The best marketplaces deliver value to all parties involved in the transaction (often creating Money Out of Nowhere [http://abovethecrowd.com/2019/02/27/money-out-of-nowhere-how-internet-marketplaces-unlock-economic-wealth/] ) and have very attractive financial profiles (often experiencing
The Scientific Method in Investing
Would you rather have the fifty most important pieces of information when making an investment decision, or only the five most important pieces of information? Most people would say fifty – more is better than less, right? Well, not necessarily, as we can see from a study on horse betting [https:
A Summary of 'How to Lie with Statistics' by Darrell Huff
How to Lie with Statistics was written in 1954 but is even more relevant today than it was at the time of writing. As such it is truly ‘anti-fragile’. This book is great for anyone that wants a refresher on the most common statistical shenanigans that are all around us.
The Seven Deadly Sins at Tinder and PokerStars
Investors want to know why customers use a company’s products/services. Often this is referred to as the ‘customer value proposition’ or the ‘customer ROI’. The Seven Deadly Sins helps us understand situations where that value proposition isn't entirely rational.