The banks were making so much money that they didn't need to change. And the customers had no other choice. It was a very stable but deeply inefficient equilibrium that only existed because there was no technology and no capital to disrupt it.
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Capitalism is a system for generating testable hypotheses about value. Most hypotheses fail. The error isn't in failing — it's in refusing to run the experiment cheaply enough that failure remains survivable.
Michael Mauboussin — More Than You Know: Finding Financial Wisdom in Unconventional Places
Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.
Jeff Bezos
A personality-driven business is somehow both powerful and fragile at the same time. Witherspoon's whole 'homecoming' narrative is complete PR, in my opinion. She sold control of Hello Sunshine when money was dumb.
Polina Pompliano