2min snip

The Compound and Friends cover image

The Day Inflation Broke

The Compound and Friends

NOTE

How Does Apple's Margin Collapse?

Google, Apple and Microsoft's margins are extraordinarily high relative to history. What can make those margins come down to historic norms? It's hard to say it. Well, I think we kind of know what would be behind tech and communications margins collapsing. But I don't know what happens.

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