Modern competitive analysis started in the 1930’s with the introduction of the Structural-Conduct-Performance (SCP) paradigm (shown in Figure 1 below) that was used to analyse the causal dynamics of Industrial Organisation, the field of study concerned to a large extent with how public policy can limit monopoly power. The SCP paradigm has since evolved into … More Competitive Strategies: Structures and Power
This blog post Sizing up the New Axis by Noah Smith that compares the combined economic strength of China and Russia against that of US and its key allies provides interesting insights into the robustness of the industrial base and manufacturing supply chains of the two blocs. On energy supply, which includes fossil fuels and … More A Short Look at Geoeconomics
I realised recently that I don’t have a good working definition of what Data Products are or should be. Sure, a quick googling will surface many generic definitions of Data Products from respected sources like Forbes and McKinsey. They are all usually variations of DJ Patil’s definition: “A data product is a product that facilitates … More What Are Data Products?
When proponents of index investing talk about the benefits of index investing, several things tend to come to the fore: share markets tend to rise over the long term, and dollar-cost averaging is a low-risk strategy to get the market returns; most active fund managers underperform index investing over the medium to long term, after … More Thoughts on Index Investing
Judging by the muted response, the market is effectively assigning a near-zero probability on the threat of a war on the Korean peninsular. I think that is likely misguided. There is certainly very low probability of an US-initiated preemptive strike — the strength of the soft institutions in the US will guarantee that, regardless of … More The Real North Korean Threat?
The June 30 Quarterly Report from Platinum Asset Management’s European Fund contains some great insights and here’s an excerpt that I find particularly interesting. “Consider for a moment our own experience, as Australians, participating in this economy over the last thirty-odd years: We have enjoyed a period of unprecedented economic stability. We have not experienced … More How it Feels to Live in a Current Account Surplus / Deficit Economy
Mental Models 4 Life 