A large majority of things that we consider as facts are just assumptions. They blind our vision, making it impossible for us to see the obvious. Take the case of Swiss watchmakers. Once, they ruled the global watchmaking industry. At some point, they made around 65% of all the watches in the world. This success created enormous wealth for the Swiss watchmakers. It also created a set of ‘facts’ based on which the entire Swiss watch industry operated successfully for a long period. Now, what were those facts? Fact # 1: A watch has to be mechanical. Fact # 2: It needs to have wheels, levers,
...more
This highlight has been truncated due to consecutive passage length restrictions.