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Sridhar Vembu
svembu
1/ There are timeless business truths like "take care of customers well". There are also transient or contextual truths like "it is easy to make money in X" and this
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1/ I hugely respect East Asia's achievement in lifting people from poverty. There is a lot to learn from the experience of Japan, South Korea, Taiwan and later China. In
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1/ In building any know-how intensive product, you face an essential uncertainty in project schedule and cost.Know-how intensive product, new team that has not built the exact product before and
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1/ When we begin a new project, we often have doubts. People offer caution. Early troubles may increase our self-doubt and may also generate "I told you so". Don't be
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1/ I perform a lot of thought experiments. They let us ask better questions and deepen our understanding. Here is one: Mentally move to the state of Bihar. Start from
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1/ I talked about the thought experiment of building Boeing 747 from scratch in Bihar. Let me now talk about the other end: making nail clippers in a village. Nail
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1/ When what we produce in a village does not get much value in exchange, our income is low.To raise income, we have to produce more valuable goods or services.
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1/ A different way to think about life.Our lives are all too often governed by living up to other people's opinion of us. We have this fear of appearing foolish,
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China has to hold massive US debt because China exports more than it imports. There is no realistic way for China to collect on that debt unless it imports heavily
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1/ Thought experiment: let's say one company invents a miracle machine (the replicator from StarTrek!) that produces every product we can imagine at near zero cost. They keep the machine
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1/ When a country imports high-value and know-how intensive goods, it is worth asking "what do we provide in return". If the answer is "low value goods" or "we export
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1/ Imagine a society where the education system is based on our musical ability. All jobs demand that "basic" qualification and credentials in music are much sought after and are
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