It really gets to the crux of the country’s success.
In 1993 they ran a $20bn deficit and now that is a surplus of over $200bn (inflation adjusted).
Worth a read for any economist and puts into perspective the trade-war going on right now.
“The takeaway — from this whole 6,000 word essay — is that Germany has done insanely well for itself since the creation and adoption of the Euro and the European Single Market by pursuing a strategy of Export-driven Industrial production that is considered impossible in any other developed, high-GDP, high-population, high-wage-paying nation.“
“42 Silicon Valley is a college-level, tuition-free, computer programming school with a peer-to-peer learning environment. Learn the skills you need here to begin your career as a Software Engineer, for free.“
“The rise of AirPods, smart speakers, and other wearable devices may not signal the onset of a true platform shift, but it undoubtedly represents a transformational evolution in the way we will consume media — and this emerging paradigm of distributed, “eyes up” device interaction directly benefits audio more than other content categories.“
An interesting perspective on how to invest in winners.
“There is a lot of advice about how to be a good startup founder. But there isn’t very much about how to be a good startup investor. Before going any further, I should point out that this is a particularly hard time to invest in startups—it’s easier right now to be a capital-taker than a capital-giver.”
