What's it mean when cash is growing. It's not just that profits are high, but also that reinvestment is low. What are the implications?
Yeah Perez should not be applied sectorally. There are arrhythmias in global impact but that's not = localized impacts
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Big tech companies are basically machines for turning global attention revenues into engineering talent upgrades
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Very unlike old economy companies which turned ore into steel. When marginal cost of production is zero, marginal cost of learning dominates
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why not? players from one space rarely play seriously in the next one. certainly if so they don't have monopoly if they do (self-driving)
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My model is something more like this:https://twitter.com/calcsam/status/893993688795291648 …
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