In the late sixties, boston consulting group was a very small outfit when we did this. The result was so called learning curve pricing. We would automatically reduce. So start low, and then continually automatically reduce the price every quarter. And this was a very successful effort, even though it was somewhat controversial. Noso: It's almost like they didn't realize the potential operating leverage that they had.
It's time. We dive into the unbelievable history behind the quietest technology giant of them all — and as of recording the world's 9th (!) most valuable company — the Taiwan Semiconductor Manufacturing Company. This story checks every box in the Acquired pantheon of greatness: China, America, MIT, Don Valentine, Silicon Valley, "real men" looking silly, and... moats literally built by lasers. We're not kidding. Pull up a seat and settle in for a great one!
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