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E81: All-In Summit: Bill Gurley & Brad Gerstner on markets, downturns & investment cycles
All-In with Chamath, Jason, Sacks & Friedberg
The Biggest Problem of the Past Six Years Was Hyper Competition
My biggest problem of the past six years was hyper competition. It doesn't allow the market to really sort out the winners and losers properly. The window after the correction is the calmest where there's least anxiety. For me, at least li thing slows down. People talk rationally. There's a lot more communication that seems rational and pragmatic. Maybe we're starting to see network effects show up at uber. If you listened to the lift call, it was a train run decade.
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