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Ben Hunt of Epsilon Theory on Turning Layups into Losses, UK Pension Problems, Building Community & Much More (EP.225)
Panic with Friends - Howard Lindzon
The Cloud Isn't a Defense
The cloud was a beautiful thing. You took everything that was in a storage. Imagine all the paper, all the world and put it in the cloud. And then I think the mistake about betting on the cloud or the hiccup is that three companies would control the cloud. Amazon, Google, Microsoft, and on our way Apple control the cloud to the point where what we thought was a fang isn't a fang. It's just those four companies, whatever acronym and they're bigger and they're going to come out as a recession stronger and dare say more evil. The issue isn't that there's some new normal. This is the old normal we're talking about.
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