even if the tech is diffusing fast uh this time around for true economic growth to appear it has to sort of diffuse to a point where the work the work artifact and the workflow has to change and so that's kind of one place where I think uh the change management required for a corporation to truly change I think is something we shouldn't discount
I I think most companies play too much with pricing all the time. It's like it just like causes all these problems with data and like it makes it hard to predict and then suddenly you you do you AB test discounts and then you cheapen the product because now people are just going to wait for the next discount
You want to buy a company at a price that if you're wrong about what you think it's worth and it turns out to be worth 30% less, you paid a deep enough discount to your estimate that you're still okay. A big part of investing is not losing money.
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