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Grant Williams & Pippa Malmgren: The End of Magical Thinking, When Narratives Fail

Supply Shock

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Why Size Matters

JP Morgan CEO Jamie Dimon left the bank this week. He says it's difficult for people to deal with a man who had been seen as an icon of virtue in what was then called the Wild West. In capitalism, he says, size matters because investors are looking for 10% improvements and 100x improvement. But they're not interested in investing in cool companies that aren't going to scale but will just be owned by a private owner.

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