Naval
To a Caveman Very Few Things Are Resources
Dec 13, 2021
Discover how our views on resource scarcity can be challenged. The discussion highlights Amazon's unique strategies and how they redefine resources. Dive into the limitless potential of knowledge creation that drives innovation across industries. It's a thought-provoking examination of how we can reshape our perceptions and unlock new opportunities.
02:56
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Quick takeaways
- Businesses cannot have perfect knowledge and supply, leading to a slight surplus in production.
- Resources are not finite, but expand as knowledge and capabilities grow, allowing for continuous innovation and discovery.
Deep dives
The fallacy of expecting perfect knowledge and supply
In discussing the alleged wastefulness of Amazon and the criticism surrounding it, the podcast highlights the fallacy of expecting a business, like Amazon, to have perfect knowledge and supply. The hosts argue that it is impossible for any business to have perfect knowledge of precisely how many products need to be made, leading to a slight surplus in production. This surplus is a common practice, as businesses aim to meet demand adequately. They critique those who argue for either limited production or a predetermined cap on product variety, questioning when and who decides that there are 'too many' shoes or resources.
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