It's a shame that the most nefarious companies succeed over and over again.

it's not a shame. It's capitalism working as intended.

The whole book of essays is incredible. He wrote this just a few weeks after 9/11. I'm amazed it was published at the time. https://www.rollingstone.com/feature/david-foster-wallace-on...

Not to veer too far off topic but had to take the chance to share Hunter Thompson’s piece he wrote the week after 9/11, which similarly, I’m surprised was published: https://www.espn.com/espn/page2/story?id=1250751

The "only" thing left? Housing/land has long been the most durable store of value in history and that wont change. It's not as liquid as Crypto and requires laws to enforce private property. But if society collapses, we'll have bigger things to worry about and even Bitcoin can be "seized" via violence/coercion.

> and that wont change

depends on location/country etc. Houses are out of reach for most millenials worldwide and i don't see that changing either

I don't know if "% of total returns" is a fair metric. As a percentage of market cap, they still dominate the S&P500. Not to mention every asset manager has to own them otherwise they risk looking stupid. They're today's bluechip, for better or for worse.

I struggle with any article that uses the word "never." We use black (or near to it #101010) on our mobile app. It's great for usability and makes select use of colors standout.

But you're not using black. So never is applying to you as well.

So much hate. Whether or not it has legs, it's an interesting proof of concept. Reminds me of the early days of internet where people weren't afraid to explore crazy ideas.

Not to mention, as the author mentioned, there's a (likely) scenario that pure cloud providers become a low-margin commodity. We've already seen this play out. Even with lock-in, to attract new customers, you'll be competing mostly on price.

+1 Amazon has always been a "lower margin" business. One argument for why and how AWS beat all the tech vendors to the punch was that everyone else had businesses build on higher margins (Google, MSFT, Oracle, VMware, etc). Now that AWS delivers most of Amazon's current profit, it will be interesting to see if Jassy asks for more margin out of them or tries to find it in other parts of the business.