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Unfortunately, the greater fool theory works only until it doesn’t. Valuation eventually comes into play, and those who are holding the bag when it does have to face the music.

The Most Important Thing Illuminated

Howard Marks, Paul Johnson

Augmented reality–based experiences have particularly stringent requirements for latency because they’re based on both head and eye movements. If you wear eyeglasses, you may take it for granted that your eyes immediately adjust to your surroundings when you turn around and receive light particles at 0.00001 ms. But imagine how you’d feel if there were 10–100-ms delays on receiving that new information. Latency is the greatest networking obstacle on the way to the Metaverse.

The Metaverse

Matthew Ball

I needed to kind of get more comfortable with being tough minded on performance. And I did that at Kraft and I learned you can do both. The culture I grew up in was either you’re Vince Lombardi tough or you’re lovey dovey Covey. And what I found is, in my opinion, the best leaders that create enduring value have tough standards and care about people. They’re not mutually exclusive. And I learned that at Kraft, I applied it at Nabisco.

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