Good Products Are Hard to Vary
Original excerpt
Naval: I think reading Deutsch across all the different disciplines is very useful. Even when he talks about memes and meme theory—that comes from evolution, but crosses over straight into epistemology, conjecture, and criticism.
And it reaches far beyond his definition of wealth: the set of physical transformations that you can effect. That takes into account both capital and knowledge, and it clearly shows that knowledge is a bigger component. And then that can be brought into business and applied into your everyday life. It can apply to the wealth of nations and it can apply to the wealth of individuals.
He says that good explanations are hard to vary. So when you look back on a good…
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