Thinks 376

McKinsey newsletter: “Business leaders predict that by 2026, half of their companies’ revenues will come from products, services, or businesses that haven’t yet been created.”

David Perell: “The investor Brent Beshore says that great business opportunities are found in highly fragmented industries, where there are many companies in the space but no dominant player. As a result, these industries are often opaque to outsiders and customers often have to interact with many vendors.”

Milton Friedman: ““Perhaps the single most important and most thoroughly documented yet obstinately rejected proposition is that “inflation is always and everywhere a monetary phenomenon.” That proposition has been known by some scholars and men of affairs for hundreds, if not thousands, of years. Yet it has not prevented governmental authorities from yielding to the temptation to mulct their subjects by debasing their money—taxation without representation—while vigorously denying that they are doing anything of the kind and attributing the resulting inflation to all sorts of other devils incarnate.”” [via Atanu Dey]

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Rajesh Jain

An Entrepreneur based in Mumbai, India.