What We’re Reading
A few good reads the Collab team came across this week …
Reputation
We are experiencing a fundamental paradigm shift in our relationship to knowledge. From the ‘information age’, we are moving towards the ‘reputation age’, in which information will have value only if it is already filtered, evaluated and commented upon by others. Seen in this light, reputation has become a central pillar of collective intelligence today. It is the gatekeeper to knowledge, and the keys to the gate are held by others.
Market share
Huge:
Inequality
Black men consistently earn less than white men, regardless of whether they’re raised poor or rich. That’s not true for women:
Edges
The smartest investors have to scrape and claw for the ephemeral edges. The rest of us, who have no business playing this game, would be wise to go the other direction … the rest of us can do just fine by chasing patience, an edge that can never be arbed away.
Punishment
“The race to be the biggest, in an environment that rewards taking chances [and] breaking rules can tempt people to do things they normally wouldn’t do,” they said. “If what she’s been charged with is true, she’s a criminal who should be in prison. I highly doubt Elizabeth Holmes set out to be a fraud—much in the same way that I don’t really think Bernie Madoff’s business plan from day one was to run a Ponzi scheme. Does that even matter? All founders are faced with difficult choices, and the vast majority of them make the right call, erring on the side of transparency and honesty. To dismiss her wrongdoing is to discount all the founders who, knowing they had the wrong answer for an investor, made the hard choice to tell the truth, knowing it might be the final nail for their company.”
Have a nice weekend.