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By achieving a paradoxical goal in business—a low-cost product that sells for a premium price—Apple has become the most profitable company in history.6 The equivalent is an auto firm with the margins of Ferrari and the production volumes of
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“As we will show, poor countries are poor because those who have power make choices that create poverty.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
“Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
“If there was anything that depressed him more than his own cynicism, it was that quite often it still wasn't as cynical as real life.”
― Guards! Guards!
― Guards! Guards!
“Life is a slope. As long as you're going up you're always looking towards the top and you feel happy, but when you reach it, suddenly you can see the road going downhill and death at the end of it all. It's slow going up and quick going down.”
― Bel-Ami
― Bel-Ami
“Economic growth and technological change are accompanied by what the great economist Joseph Schumpeter called creative destruction. They replace the old with the new. New sectors attract resources away from old ones. New firms take business away from established ones. New technologies make existing skills and machines obsolete.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
David’s 2024 Year in Books
Take a look at David’s Year in Books, including some fun facts about their reading.
4,726 books
|
96 friends
769 books
|
24 friends
427 books
|
22 friends
9 books
|
6 friends
19 books
|
11 friends
209 books
|
20 friends
42 books
|
17 friends
15 books
|
117 friends
More friends…
Favorite Genres
Book Club, Business, Contemporary, Ebooks, Fiction, History, Non-fiction, Philosophy, Politics, Psychology, Science, and Self help
Polls voted on by David
Lists liked by David
