What's not going to change in the next 10 years?
The target is locked and the trajectory is fixed.
Something I’ve been mulling a lot about recently. Jeff Bezos once said:
I very frequently get the question: “What’s going to change in the next 10 years?” That’s a very interesting question. I almost never get the question: “What’s not going to change in the next 10 years?” And I submit to you that that second question is actually the more important of the two. You can build a business strategy around the things that are stable in time.
While Bezos was referring to Amazon’s retail business, the idea is broadly applicable to life in general. However, enumerating all the things that are cast in stone runs counter to its essence.
Fundamentally, there are only two things people will always want: less bullshit, more status.
Unfortunately, most businesses go the other way.
Markets this Week
Considering the absolute carnage in heavyweight stocks, NIFTY 50 being down less than 2% feels like a miracle.
Get ready for the next supply chain shockwave (freightwaves)
Is Economic Growth Good for Investors? (ssrn)
If we want growth – to reduce poverty; to pay for health, environmental protections, and transfers; or for its own sake – it will have to come from unleashing supply. Tariffs, industrial protections, labor-market distortions, restrictions on skilled immigration, and other supply-constraining policies have direct costs that cannot be offset by printing more money. - John Cochrane
Changing the Top Global Currency Means Changing the Patterns of Global Trade (carnegieendowment)
How big could the cloud get? (01core)
The new middle-class gambling addicts: how day trading is ruining lives (thetimes)