But in a world of perfect competition, companies should keep trying to undersell each other until their profit goes to zero — or at least, until it goes to a level where companies are just able to pay for their investments. Even if one company has a huge share of the market, the simple threat that new companies might be able to enter the market and compete with them should force them to keep their prices low in order to maintain their market share.
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The fact that healthcare is 18% of GDP and people are embarrassed by that, what it tells me is that we have a priority problem in this country, not a spending problem. If we could actually deliver value in healthcare, I'd want it to be 50% of GDP. I want the majority of our most talented people working on the most important problems, which is extending the quality and length of human life.
Zach Reitano — Invest Like the Best with Patrick O'Shaughnessy
It was just extremely suspicious the entire thing and there was reporting in the New York like a bunch of reporting to a lot of we talked to a lot of NeoCloud founders and it's like oh they've been working in real estate for a long time. They've been working in uh in crypto mining for a long time. They've been building things for a decade and now they're having the AI moment. It's very rare that you talk to someone who's like, "Oh yeah, like I I' I've actually never seen a data center in person, but I set one up and I'm doing great."
Diet TBPN
The biggest companies in the world are going to be built by very small teams. If you think about it, some of these AI companies have crossed a billion dollars in ARR with fewer than 200 employees. That's just not something we've ever seen before in the history of technology.
Ramtin Naimi — Invest Like the Best with Patrick O'Shaughnessy