Q: A couple of geeks who sketched out some software could destroy Sears Roebuck?
A: That’s the beauty of technology.
Wonderful video that is worth watching in its entirety. People forget just how much skepticism there was about Amazon back then. One of the jokes that made old economy types chuckle was to refer to Amazon as Amazon.org as it wasn’t profitable. Fast forward 20 plus years and you still have some luddites in denial that software is eating the world. Important to remember that over time those whose embrace technology will outperform those who don’t.The Regret Minimization Framework is also mentioned.