A Quote by Sam Altman
You have to find a small market in which you can get a monopoly and then quickly expand.
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If a company is not a monopoly, then the law assumes market competition can restrain the company's actions. No problem. If a monopoly exists, but the monopoly does not engage in acts designed to destroy competition, then we can assume that it earned and is keeping its monopoly the pro-consumer way: by out-innovating its competitors.
You want an idea that turns into a monopoly. But you can't get a monopoly, in a big market right away; too much competition for that.
In the whole history of capitalism, no one has been able to establish a coercive monopoly by means of competition in a free market...Every single coercive monopoly that exists or ever has existed...was created and made possible only by an act of government...which granted special privileges (not obtainable in a free market) to a man or a group of men, and forbade all others to enter that particular field.
In the world I've known most of my life, old stories quickly lose their power over capital markets and get replaced by new surprises. That which everyone fixates on gets priced into the stock market quickly and can't drag on.
The mere possession of monopoly power, and the concomitant charging of monopoly prices, is not only not unlawful, it is an important element of the free-market system. The opportunity to charge monopoly prices - at least for a short period - is what attracts 'business acumen' in the first place; it induces risk taking that produces innovation and economic growth.
Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.
Basically my point of view on unicorns is that private companies which have sky high valuations, it doesn't really mean anything in the real world until it's marked to market. And there's only two ways things get marked to market in venture capital: Either a company is acquired by another company for cash or marketable security, or it goes public, and then it has reporting requirements and then the market will determine the value.
I don't know which other actor has done as many hot scenes as I have. I pretty much have the monopoly in the bed scene market in Bollywood.
Competition should not be for a share of the market-but to expand the market.
I don't know if it's a small-market thing or not, but we never get the benefit-of-the-doubt calls like New York, L.A., Miami and the big market teams. That's just the way it is.
Near the top of the market, investors are extraordinarily optimistic because they've seen mostly higher prices for a year or two. The sell-offs witnessed during that span were usually brief. Even when they were severe, the market bounced back quickly and always rose to loftier levels. At the top, optimism is king, speculation is running wild, stocks carry high price/earnings ratios, and liquidity has evaporated. A small rise in interest rates can easily be the catalyst for triggering a bear market at that point.
The Liberal Party of Canada has no monopoly on public service, we have no monopoly on virtue, and we have no monopoly on wisdom.
Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.
Our go-to source is no longer dictated by a small group of cable news outlets. We have to expand our view. Sometimes, a story is made and breaks on Twitter. We have to find a way to react to that, to consume and also disseminate the information from Twitter, which is not an easy thing to do.
Every program attempts to expand until it can read mail. Those programs which cannot so expand are replaced by ones which can.
To find one's way anywhere one has to find one's door, just like Alice, you see. You take too much of one thing and you get too big, then you take too much of another and you get too small. You've got to find your own doorway into things.
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