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The competition is for losers, in my understanding is saying don't enter a competitive market where you're not going to change it. For example, don't start a r
by dantheman 12y ago
The competition is for losers, in my understanding is saying don't enter a competitive market where you're not going to change it. For example, don't start a restaurant or a store -- unless you're going to be extremely different.
- jeffdavis 12y ago"Competition is for losers" seems like pretty weak reasoning to me. As far as I can tell, it goes something like: Success is not random. Therefore, if you are successful, there is something different about you. Therefore, you are a monopolist. Therefore, competition can't make you successful. But that's not very helpful. Every business on the planet can claim some kind of differentiation -- maybe their supply chain is more efficient, or their company structure is superior, or their sales channels are smarter, or... More differentiation might be "better" in some sense, but differentiation is often decided after the fact. It wasn't obvious that Google was differentiated until they took over the market.
- jblow 12y agoThat is not remotely the whole argument. The argument is really about the fact that competition ultimately drives profit margin to zero. See his other writings for details.