NVIDIA was a small cap in 2016. Netflix was a small cap in 2016.
Intel was the leader. Comcast was the leader.
Yes Google and Apple have done great but its because they have made some good strategic decisions. And some (not all) of their failures of last 10 years fall sqaurely in stack fallacy.
Yes, when I wrote this article - I was pointing out that we seem to have missed this rather common pattern. And if you understand this pattern you can avoid some strategy mistakes.
I didn't claim that this one pattern explains all of the failures.
It's an interesting idea, but I don't think you explore it adequately. Firstly you don't even establish it's a mistake in the majority of cases - you just list some instances where it was a mistake. So "understanding this pattern" and trying to avoid strategy mistakes could be an even bigger mistake than not.
exactly. it took longer for Apple to fix its Maps app - and to this day their email app is nowhere as good as most third party apps. Even iMessage is lacking features that WhatsApp and Signal built 5 years ago. (And iMessage is clearly their best app.)
this whole thread is hilarious and yet quite insightful.
Yes, the core idea behind Stack Fallacy was that if you are Apple you don't need to build a better CPU than Intel for all workloads - you just need M3 for your Mac.
So yes - just one type of bread. Like Subway. Or Panera.
They raised interest rates several times over the last year. Of course from any point in time a recession is “on the horizon,” but this is not the cut and dry predictor you’re making it out to be.
> There’s no recession as far as the eye can see. There’s a crypto recession.
Don't be the guy who replied to my comment, waiting for the results to tell you that it is a recession. [0] If you are preparing now, you're almost too late.
Only the paranoid survive.
> Let’s go back to building real tech.
Like the spyware laden software made by the likes of Meta, Apple, Google, Microsoft, Amazon that they are building? No worse than crypto I'm afraid.
The free-software foundation are still waiting for you and others for 37 years to stop building non-free software riddled with surveillance and tracking. But neither that nor crypto is going to stop is it?
Intel was the leader. Comcast was the leader.
Yes Google and Apple have done great but its because they have made some good strategic decisions. And some (not all) of their failures of last 10 years fall sqaurely in stack fallacy.