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Here, then, is what I mean when I write and speak about the Metaverse: “A massively scaled and interoperable network of real-time rendered 3D virtual worlds that can be experienced synchronously and persistently by an effectively unlimited number of users with an individual sense of presence, and with continuity of data, such as identity, history, entitlements, objects, communications, and payments.”
The Metaverse
Matthew Ball
When you disappoint a customer, it is a lose-lose because you not only lost this investment in “consumer surplus”, but you didn’t receive anything for giving it away either. The original playbook of private equity was in part thoughtfully extracting this consumer surplus by raising prices and cutting services that weren’t valued6. These private equity companies are temporally shifting value from the future to the present (which works especially well when you know you won’t own the company in the future).
The Consumer's Hierarchy of Preferences: Two Ends of the Strategy Spectrum
speedwellsnippets.substack.com
Like America’s Founding Fathers, these philosophers were keenly aware of the gap between the conduct humankind sought and what they saw on a daily basis. And they set out to define and encourage the best within us all.
On Character
Stanley McChrystal
...catch up on these, and many more highlights
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