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22min chapter
#7 – Michael Mauboussin: The Fascinating World of Increasing Returns
Scaling Theory
Navigating Complex Technologies and Policymaking
The chapter explores the implications of generative AI and blockchain on policymaking, touching on issues such as antitrust regulations and global competition. It discusses the importance of identifying businesses with sustainable returns and measuring moats to determine their uniqueness. Additionally, it delves into the influence of complexity economics on market dynamics and the application of agent-based frameworks for a better understanding of the real world complexities.
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