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Philately is normally a boys' hobby but for some reason it was in vogue at my junior school. Between the ages of eight and ten I collected avidly. I'd pore over my Stanley Gibbons book, obsessively checking my collection's value. I always hoped I'd stumble across a really valuable one, a Penny Black or an Inverted Jenny, but it wasn't to be. ↗
On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big. ↗
The killer app that got the world ready for appliances was the light bulb. So the light bulb is what wired the world. And they weren't thinking about appliances when they wired the world. They were really thinking about - they weren't putting electricity into the home. They were putting lighting into the home. ↗
#appliances #bulb #electricity #got #home
Significant officials at publicly traded companies are casually and cavalierly engaged in insider trading. Because insider trading has as one of its elements communication, it doesn't take rocket science to realize it's nice to have the communication on tape. ↗
