Ron’s Reviews > Zero to One: Notes on Startups, or How to Build the Future > Status Update

Ron
is on page 43 of 195
I'm reminded of one of Warren Buffett's letters to his shareholders, wherein he discusses a hypothetical national coin flipping contest. By virtue of big numbers and pure chance, some people would win ten or twenty flips in a row, but thanks to the Fundamental Attribution Error, people would assume it was skill and start asking these people for their secrets.
— Dec 22, 2016 07:12PM
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Ron’s Previous Updates

Ron
is on page 55 of 195
Dropping this book like a baby on the Dursleys' doorstep. This guy has no coherent message, he frequently goes off on tangents that add nothing to the book, and he plays fast and loose with facts as the earlier AT&T example illustrates.
— Dec 28, 2016 11:25PM

Ron
is on page 43 of 195
Also, apparently monopolies are engines for innovation because
1. AT&T used to be a monopoly and rate were high
2. ???
3. Now you can get cheap cell phone service.
Gosh, I wonder what could have happened between AT&T and the US government in 1982 that could explain this?
— Dec 22, 2016 07:18PM
1. AT&T used to be a monopoly and rate were high
2. ???
3. Now you can get cheap cell phone service.
Gosh, I wonder what could have happened between AT&T and the US government in 1982 that could explain this?

Ron
is on page 25 of 195
Okay book, you're now on notice. I'll give you 18 more pages to impress me - that's the end of chapter 4 - or I'm dropping you.
— Dec 22, 2016 06:29PM

Ron
is on page 25 of 195
"'Perfect competition' is considered both the ideal and the default state in Economics 101" - Default, perhaps, but nobody said it's ideal. It's an extreme where there is zero product differentiation.
"Google is a good example of a company that went from 0 to 1" - wait, I though "0 to 1" meant inventing something new, whereas Google made its name by improving something that already existed.
— Dec 22, 2016 06:27PM
"Google is a good example of a company that went from 0 to 1" - wait, I though "0 to 1" meant inventing something new, whereas Google made its name by improving something that already existed.

Ron
is on page 24 of 195
Initial impression: what a load of tripe. The first two chapters are full of obvious observations made to sound bold and contrarian. Maybe things are different in the startup world, but every business that I've worked for and most of the clients I've worked with put a high emphasis on strategy and innovation.
— Dec 21, 2016 08:20PM