Increasing Returns
topic on 1 show · 1 statements across 1 episodes
1 statements about Increasing Returns, every show
Mauboussin: Network effects create increasing returns that defy economic mean reversion
“So we're taught in economics, microeconomics, and by the way, it's still largely true that, Returns on incremental capital tend to migrate toward the cost of capital, and typically the reason for that is competition, right? If you're generating, Shane, massive…”