Welcome On Note Taking, Writing, and Competitive Advantage Do you want to think better? If so, writing is a good first step. A way to write better is How Asia Works, A Summary Rephrasing I recently finished How Asia Works. Instead of my format I used in the last few post, I tried a Expectations Investing, Some Interesting Takeaways Similar to what I did for Trade Wars Are Class Wars, I wanted to share a few takeaways from a Trade Wars Are Class Wars, A Few Observations I just finished Trade Wars Are Class Wars by Matthew Klein and Michael Pettis, a book about the history of Cost Structure Impacts What Firms Do This seems obvious, but physical and digital goods have very different cost structures. That said, it still warrants further examination Industry Economics, Business Model Design, and Destiny We have all heard something like this before: the restaurant business is a tough business. Restaurants are tough because there First Essay – Sunk Costs I just wrote my first essay explaining what sunk costs are and why they are important. You can check it 7 Powers, a practical Strategy read I recently re-read an excellent business strategy book, 7 Powers: The Foundations of Business Strategy, by Hamilton Helmer. I read Business Ironies If you were to make a list of desirable traits for a business to have, I think the following would SPACs, Market Savior? We knew the COVID pandemic would have an impact on the markets, but one I did not anticipate was its