+2 vs. x2

+2 vs. x2

What's the difference between the atom business and the bit business?

Inspired by the writings of Naval, and my journey building Visualize Value — this visual depicts the nature of exponential digital networks and power laws.

In a market without physical constraints, you can build products and make media with close to zero cost of replication.

If these products or ideas "go viral" – you can deliver and capture value at scale sitting in your bedroom (where I'm writing this).

If you are building something, it is far more useful to focus on the work you are doing to produce the result than the result itself.

Labor is generally a more interchangeable resource than vision.

To help understand this idea, consider the contrast between the two concepts ancient Greeks used to think about time.

It should be relatively simple to identify when we aren't accumulating net new experience, but in practice, it doesn't seem to be.

Language is an incredible tool. It makes it possible for us to externalize what we think and communicate it to others.

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." - Warren Buffett

The extent to which anything keeps working after you stop working is how much time you earn from making it.

To make progress, we must solve harder and harder problems in sequence.