In today’s global economy here is what is scarce:
1. Quality land and natural resources
2. Intellectual property, or good ideas about what should be produced.
3. Quality labor with unique skills
Here is what is not scarce these days:
1. Unskilled labor, as more countries join the global economy
2. Money in the bank or held in government securities, which you can think of as simple capital, not attached to any special ownership rights (we know there is a lot of it because it has been earning zero or negative real rates of return).”"
The opposite of complexity is elegance.
Embracing elegant simplicity means designing our organizations and processes with simplicity in mind. It’s about stating our goals clearly and incorporating mature, proven technologies into our designs. True sophistication, true design maturity, and true process maturity are shown through deep simplicity, not through brain-meltingly complex diagrams and structures. In other words, complexity is nothing to brag about."
Cory House’s axiom:
The more time you can spend on things you can control, the greater advantage you have.
Cory House’s corollary:
The more time you spend on things that are creative and things that people buy, the better off you are.