Running list

Buying clothes is a recurring need; both a practical necessity and a way to keep up with changes in style and taste. Like buying groceries, it’s a type of shopping without end. Which is why Amazon is fixated on both spaces. “In order to be a $200bn company we’ve got to learn how to sell clothes and food,” Jeff Bezos said as long ago as a decade — displaying the long term thinking that has enabled the ecommerce giant to slow-grow its business over more than 20 years from an upstart online bookseller into today’s sprawling digital marketplace whose upwardly thrusting arrow declaims its mission to deliver everything.

Vertical Farming

Psych <> VR

For this is the truth that we are now facing. For all of its democratizing power, the Internet, in its current form, has simply replaced the old boss with a new boss. And these new bosses have market power that in time will be vastly larger than that of the old boss. So, as an investor, when you see a dominant market power emerge, you should start asking yourself “what will undo that market power?” And you should start investing in that. We’ve begun doing that, but are not anywhere near done with this effort.

The pattern on the composition notebook was an industrialized version of the traditional art of marbling, a process that was used to make decorative papers for book coverings and end papers. Paper marbling began thousands of years ago––in the tenth century in China and later in Japan during the twelfth century.