Yep and more like 25%+ of profits (given the google revenue, and most ad revenue, is close to 100% margin).
This is true but airpods is a bad example. They are a runaway success. Estimates are they did around $25bn of revenue in the last year. For context the highest annual revenue Bose ever did was $4bn (since declined).…
Good investment decision and obviously the street was very wrong, but the reason the multiple was low was because of concerns earnings were at risk from a) their issues in China (which they solved, at least for now, but…
Not that small. High income and roughly the same population as California, which isn't too small for companies to bother selling into. Ozempic did about US$2bn of revenue in 2024 in Canada.
Private companies do things to maximize profits. They might lose money on some stuff to make more on other things, and there might be some gunk in the system but they are almost all laser focused on making bigger…
Except it isn't at all. The properties to buy all have a fixed price, costs of houses/hotels are fixed, rents are fixed and can't be adjusted, and most importantly, a) you can only buy a property if you randomly happen…
No, that is not the free market at work at all. I agree it happens however. We simply don't live in a 100% free market world.
I'm not here to debate whether free markets are good or bad, but governments have a privileged position versus private companies, and effectively operate above the law (again at least compared to private companies). Any…
I'm not really disagreeing with you as it's not like there is a 100% true definition of a free market, different people can have different conceptions, but the original Adam Smith / classical view is that a free market…
Yep. But Apple are appealing that decision.
There is a limit to this sort of logic though. Don't get me wrong, I'm generally pro free markets. But: A) Apple's policies make some products completely unviable (anything with a gross margin less than 30%). Even for…
You are really trying to say that for a startup trying to build software, say a productivity app or whatever, they should consider launching their own hardware device? They are very different things and would basically…
Power to you, but you probably miss out on masterpieces in the other direction though. The ones you would be more likely to watch if you spent more time watching those 'conventionally' liked movies, given the limit of…
It does seem so. To be fair I live in Australia which does seem to have much stricter labelling requirements than the US.
Ok then. I wish you well in your quest.
I don't know how I can be more clear about this. It was a thought experiment. Take the very best piece of writing from [BOOK/ARTICLE/TEXTBOOK/JOURNAL] you could ever imagine. Would you or should you be willing to pay…
I must admit I didn't know that. Do you think that is widely known amongst people who eat them? But yes, either way, I find that disturbing.
I get all that. Still doesn't mean there isn't some things worth paying for that are created in real time and aren't out of copyright. Something like Stratechery, as an example most people would be familiar with.…
I think that example wasn't the best as it's probably so obvious it isn't salmon it wouldn't fool anyone. But would you be comfortable if someone sold Hoki or Puffer Fish as Salmon? And then only in the fine print said…
Sure but that's what happens when you cut distribution costs to zero (i.e. the internet). It's pretty indisputable that most content online is garbage. But there is also a lot of super high quality information out there…
If you invert it, though, money is really compensation for time (directly or indirectly). Most of the things you pay money for are compensating someone for time spent (whether that time was spent in the past, present or…
How much do you value your time? A lot of people think like this and I'm not judging you or saying this applies to you. But I find it kind of odd when people I know who earn hundreds to thousands of dollars an hour…
I agree with this. I think potentially someone may have suggested the federal court sit on the decision until the 10% tariff was confirmed a couple of weeks ago. Mostly because the announcement pre Tariff might have…
100%. But gradually being solved as source links are being provided. If the source link is as good as what you’d find on Google anyway then you have a way better search experience and don’t really burn much extra time…
He means the top part above Google suggestions. If you type a url or company name Apple sometimes guesses the url and provides a direct link. Google not involved there - only if you click a Google suggestion or hit…
Yep and more like 25%+ of profits (given the google revenue, and most ad revenue, is close to 100% margin).
This is true but airpods is a bad example. They are a runaway success. Estimates are they did around $25bn of revenue in the last year. For context the highest annual revenue Bose ever did was $4bn (since declined).…
Good investment decision and obviously the street was very wrong, but the reason the multiple was low was because of concerns earnings were at risk from a) their issues in China (which they solved, at least for now, but…
Not that small. High income and roughly the same population as California, which isn't too small for companies to bother selling into. Ozempic did about US$2bn of revenue in 2024 in Canada.
Private companies do things to maximize profits. They might lose money on some stuff to make more on other things, and there might be some gunk in the system but they are almost all laser focused on making bigger…
Except it isn't at all. The properties to buy all have a fixed price, costs of houses/hotels are fixed, rents are fixed and can't be adjusted, and most importantly, a) you can only buy a property if you randomly happen…
No, that is not the free market at work at all. I agree it happens however. We simply don't live in a 100% free market world.
I'm not here to debate whether free markets are good or bad, but governments have a privileged position versus private companies, and effectively operate above the law (again at least compared to private companies). Any…
I'm not really disagreeing with you as it's not like there is a 100% true definition of a free market, different people can have different conceptions, but the original Adam Smith / classical view is that a free market…
Yep. But Apple are appealing that decision.
There is a limit to this sort of logic though. Don't get me wrong, I'm generally pro free markets. But: A) Apple's policies make some products completely unviable (anything with a gross margin less than 30%). Even for…
You are really trying to say that for a startup trying to build software, say a productivity app or whatever, they should consider launching their own hardware device? They are very different things and would basically…
Power to you, but you probably miss out on masterpieces in the other direction though. The ones you would be more likely to watch if you spent more time watching those 'conventionally' liked movies, given the limit of…
It does seem so. To be fair I live in Australia which does seem to have much stricter labelling requirements than the US.
Ok then. I wish you well in your quest.
I don't know how I can be more clear about this. It was a thought experiment. Take the very best piece of writing from [BOOK/ARTICLE/TEXTBOOK/JOURNAL] you could ever imagine. Would you or should you be willing to pay…
I must admit I didn't know that. Do you think that is widely known amongst people who eat them? But yes, either way, I find that disturbing.
I get all that. Still doesn't mean there isn't some things worth paying for that are created in real time and aren't out of copyright. Something like Stratechery, as an example most people would be familiar with.…
I think that example wasn't the best as it's probably so obvious it isn't salmon it wouldn't fool anyone. But would you be comfortable if someone sold Hoki or Puffer Fish as Salmon? And then only in the fine print said…
Sure but that's what happens when you cut distribution costs to zero (i.e. the internet). It's pretty indisputable that most content online is garbage. But there is also a lot of super high quality information out there…
If you invert it, though, money is really compensation for time (directly or indirectly). Most of the things you pay money for are compensating someone for time spent (whether that time was spent in the past, present or…
How much do you value your time? A lot of people think like this and I'm not judging you or saying this applies to you. But I find it kind of odd when people I know who earn hundreds to thousands of dollars an hour…
I agree with this. I think potentially someone may have suggested the federal court sit on the decision until the 10% tariff was confirmed a couple of weeks ago. Mostly because the announcement pre Tariff might have…
100%. But gradually being solved as source links are being provided. If the source link is as good as what you’d find on Google anyway then you have a way better search experience and don’t really burn much extra time…
He means the top part above Google suggestions. If you type a url or company name Apple sometimes guesses the url and provides a direct link. Google not involved there - only if you click a Google suggestion or hit…