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38. Evolution, Complexity, and the Remaking of Economics

Mutiny Investing Podcast

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I Think It Is Like the Option on the Small Bats

i think in the beginning, when they had all those bats on, they were geting roasted by the press vert. They didn't have a concrete plan that was amed of it. It is like the option onthe small bats. I rally thought about or herd is like, blackbuster, at the time, was making 50 % of its revenue from late fees. And then when nekflick showed up and didn't charge light fees, black butcer was too scared to imitate them,. because it would have tanked their revenue. There's more about the late fees than anything else. This comes back to this lite, the physical technology business model, suc technology. Al

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