Tap a claim on the ring to put it at the centre.
← Buying the best business in the world at too high a price still produces poor returns.
17 connected korrents · 16 moments on record from 25 Jul 2022 to 3 Sept 2026.
Everything filed under Google
Google
Everything filed under venture capital
venture capital
Everything filed under OpenAI
OpenAI
Everything filed under market efficiency
market efficiency
Everything filed under innovation
innovation Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Buying the best business in the world at too high a price still produces poor returns. Buying the best business in the world at too high a price still produces poor returns. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. — tap to centre the map on it A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. Last stated 9 months ago
3 Dec 2025
AD
Aswath Damodaran — holds since 2025-12-03 — tap for who they are
Same subject: A best-in-class product should be priced at the point where customers say it is starting to get expensive, not at the point where they would call it a bargain. — tap to centre the map on it A best-in-class product should be priced at the point where customers say it is starting to get expensive, not at the point where they would call it a bargain. Last stated a year ago
23 Mar 2025
RV
Rahul Vohra — holds since 2025-03-23 — tap for who they are
Same subject: A startup does not have to set out to build the greatest business in history; a merely good business is a legitimate thing to aim at. — tap to centre the map on it A startup does not have to set out to build the greatest business in history; a merely good business is a legitimate thing to aim at. Last stated 2 years ago
19 Jun 2024
AS
Aravind Srinivas — holds since 2024-06-19 — tap for who they are
Same subject: Price selects the market: a serious buyer reads a low price as evidence that the product cannot possibly be good enough. — tap to centre the map on it Price selects the market: a serious buyer reads a low price as evidence that the product cannot possibly be good enough. Last stated 7 months ago
25 Jan 2026
JC
Jason Cohen — holds since 2026-01-25 — tap for who they are
Same subject: Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction. — tap to centre the map on it Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — tap for who they are
Same subject: An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell. — tap to centre the map on it An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. — tap to centre the map on it Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. Last stated 4 years ago
2 Mar 2023
LP
Lant Pritchett — holds since 2023-03-02 — tap for who they are
Same subject: The way to stay small is never to take other people's money: the moment you do, they want the largest return, and the enterprise playbook follows. — tap to centre the map on it The way to stay small is never to take other people's money: the moment you do, they want the largest return, and the enterprise playbook follows. Last stated a year ago
12 Jul 2025
DH
David Heinemeier Hansson — holds since 2025-07-12 — tap for who they are
Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. Last stated 5 months ago
1 Apr 2026
TP
Thuan Pham — holds since 2026-04-01 — tap for who they are
Same subject: A crewed rocket cannot be made safe by making the booster reliable, so the only real way to improve safety is to carry an escape system. — tap to centre the map on it A crewed rocket cannot be made safe by making the booster reliable, so the only real way to improve safety is to carry an escape system. Last stated 3 years ago
14 Dec 2023
JB
Jeff Bezos — holds since 2023-12-14 — tap for who they are
Same subject: A monopolist that can no longer grow by winning new users can only grow by making its product worse for the users it already has. — tap to centre the map on it A monopolist that can no longer grow by winning new users can only grow by making its product worse for the users it already has. Last stated 3 years ago
28 Jul 2023
CD
Cory Doctorow — holds since 2023-07-28 — tap for who they are
Same subject: A company that grows enough eventually has no need for investors. — tap to centre the map on it A company that grows enough eventually has no need for investors. Last stated a week ago
1 Sept 2026
PG
Paul Graham — holds since 2026-09-01 — tap for who they are
Same subject: AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. — tap to centre the map on it AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. Last stated 3 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. — tap to centre the map on it Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. Last stated 5 days ago
3 Sept 2026
PG
Paul Graham — holds since 2026-09-03 — tap for who they are
Same subject: A technique that lets an AI model's reasoning shift outside its visible Chain of Thought is dangerous, both because it works and because a leading lab is willing to deploy it. — tap to centre the map on it A technique that lets an AI model's reasoning shift outside its visible Chain of Thought is dangerous, both because it works and because a leading lab is willing to deploy it. Last stated 5 days ago
3 Sept 2026
ZM
Zvi Mowshowitz — holds since 2026-09-03 — tap for who they are
Same subject: A tiny language model inventing a plausible-sounding name is the same phenomenon as a large one confidently stating a false fact. — tap to centre the map on it A tiny language model inventing a plausible-sounding name is the same phenomenon as a large one confidently stating a false fact. Last stated 7 months ago
12 Feb 2026
AK
Andrej Karpathy — holds since 2026-02-12 — tap for who they are
Same subject: Advertising was a necessary phase for the internet but a momentary industry, and an AI people pay for is better because they know the answers are not influenced by advertisers. — tap to centre the map on it Advertising was a necessary phase for the internet but a momentary industry, and an AI people pay for is better because they know the answers are not influenced by advertisers. Last stated 2 years ago
18 Mar 2024
SA
Sam Altman — holds since 2024-03-18 — tap for who they are
At the centre
Buying the best business in the world at too high a price still produces poor returns.
Holds BA Bill AckmanRead this korrent →
A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires.
Holds AD Aswath Damodaran
A best-in-class product should be priced at the point where customers say it is starting to get expensive, not at the point where they would call it a bargain.
Holds RV Rahul Vohra
A startup does not have to set out to build the greatest business in history; a merely good business is a legitimate thing to aim at.
Holds AS Aravind Srinivas
Price selects the market: a serious buyer reads a low price as evidence that the product cannot possibly be good enough.
Holds JC Jason Cohen
Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction.
Holds
An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell.
Holds BA Bill Ackman
Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it.
Holds LP Lant Pritchett
The way to stay small is never to take other people's money: the moment you do, they want the largest return, and the enterprise playbook follows.
Holds
A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost.
Holds TP Thuan Pham
A crewed rocket cannot be made safe by making the booster reliable, so the only real way to improve safety is to carry an escape system.
Holds JB Jeff Bezos
A monopolist that can no longer grow by winning new users can only grow by making its product worse for the users it already has.
Holds CD Cory Doctorow
A company that grows enough eventually has no need for investors.
Holds
AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them.
Holds LT Lip-Bu Tan
Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same.
Holds
A technique that lets an AI model's reasoning shift outside its visible Chain of Thought is dangerous, both because it works and because a leading lab is willing to deploy it.
Holds ZM Zvi Mowshowitz
A tiny language model inventing a plausible-sounding name is the same phenomenon as a large one confidently stating a false fact.
Holds
Advertising was a necessary phase for the internet but a momentary industry, and an AI people pay for is better because they know the answers are not influenced by advertisers.
Holds