3 ms·
Investing 101: Markets go up and markets go down but how investors ascribe value to businesses rarely change that much in the end: Capital light >>> Capital he
by ilia_lotov 6y ago
Investing 101: Markets go up and markets go down but how investors ascribe value to businesses rarely change that much in the end:
Capital light >>> Capital heavy
Product moat >>> Capital moat
Network effects >>> Marketplaces >>> Everything else
https://twitter.com/chamath/status/1310736308189294592 https://twitter.com/chamath/status/1310736308189294592