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Ep. 35 Morgan Housel | Going Deeper on the Psychology of Money
Prime Talks
Is There Any Way to Avoid the Downside of Big?
The odds of our performance seem to decrease as companies get bigger. Can a company avoid like, you know, getting bureaucratic as it ages? I think the answer is yes. But can it become big and old like a company like Apple or Google or Microsoft and avoid it much, much harder? There's actually a lot of profiles out there of the oldest companies in the world. They're literally like 700 year old sushi restaurants that have been around for like operating consistently for 700 years. It's not impossible, but it's extraordinarily rare.
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