“The Internet rewards scale; by trading higher up-front costs for lower marginal cost, market leaders can invest in better technology and service. As a result, there is nothing online that is both great in quality and small in scale. Amazon wasn't originally a better bookstore than the small shops we mourn, but it is now.” ResultsQualityLeaderTechnologyFrontsInternetHigherCostRewardsScalesShopsOnlineTradingMournAmazonBookstoresMarket Leaders Author:John Katzman
“Trying to get a common set of trading rules right down to very simple things like paperless customs arrangements and telecommunications services and all those things that will help lower the cost and increase the ease of doing business across the region.” TryingHelpingSimpleCommonCostIncreaseEaseRegionsCustomsArrangementsTradingSimple ThingsTelecommunicationsPaperless Author:Andrew Robb
“Once we had a rail station in Montgomery that connected to Columbus and went all the way up to Virginia, slave traders could transport thousands of slaves at a fraction of the cost than they could transport by boat, and certainly by foot. And that's how Montgomery became such an active slave-trading space.” WaySpaceFeetCostSlaveConnectedActiveBoatStationsTradingVirginiaTransportFractionsRailColumbusTradersMontgomerySlave Trade Author:Bryan Stevenson
“'ve always defined a truly alluring story as a journey we're not equipped to take ourselves with a person we're tempted but afraid to emulate. Impostor narratives are exactly that. When they end in disaster, as Clark's did, or as Gatsby's did, we can congratulate ourselves for our own wisdom. We can also experience, safely, at no cost, the terrible thrill of radical self-invention, of trading who we are for who we might be.” PersonsEndsSelfStoriesMightJourneyTerribleCostDisasterInventionDefinedRadicalNarrativeWho We AreThrillTradingTemptedEmulateAlluring Author:Walter Kirn
“Diverse groups of countries can do a lot by trading amongst themselves, exploiting differences in costs, resources, and technologies.” CountryCan DoDifferencesTechnologyGroupsCostResourcesDiverseTrading Author:Daniel Altman
“Specifically in reference to Iran, Donald Trump will not be able to renegotiate the nuclear arms pact. His attempt to do so will alienate all the European powers involved and will cost a number of US companies some very lucrative contracts. It is a losing proposition for him and for the US. Much more so than for Iran, who will turn more and more to Russia and China as trading partners.” AbleTurnsNumbersCompanyArmsTrumpInvolvedCostLosingChinaNuclearPartnersRussiaIranContractsPropositionsTradingPactNuclear ArmsTrading Partners Author:Lawrence Davidson