Two things I learned today 1. “Every man alone is sincere. At the entrance of a second person, hypocrisy begins” 2. “Basic survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.”https://twitter.com/patrick_oshag/status/979810402212237313 …
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Phenomenal book
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Geoff has apparently never shopped at Whole Foods
End of conversation
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,
,
and
all invest more in intangible assets than tangible.
and
the opposite
2. Intangibles are more scaleable, more likely to be sunk costs, & add more synergies
~20% of R1000G’s assets are intangible. 7% for R1000V.