.'s Upside Decay has thoroughly infiltrated my worldview: brianlui.dog/2020/10/06/ups
See, for instance:
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Implication: the best kind of business to run is a monopoly that either nobody cares about or everybody loves.
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Are there examples of monopolies that everyone loves? I feel that monopolies drive profits that almost intrinsically attract ire.
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TSMC, ASML?
Definitely more examples of 'monopolies that nobody cares about' — like 'that one business that makes the machines that makes all the whisky bottles in the world', which, LOL.
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To be clear, these examples aren't mine — they're taken from the folks over at NZS Capital. In nzscapital.com/news/complexity, they point out that monopolies with 'negative feedback loops' grow slowly into their positions, which increases compounding runway.
