Value Investing World

Wednesday, November 14, 2007

HOW TO GET RICH - A Talk by Jared Diamond

.....we can extract from human history a couple of principles. First, the principle that really isolated groups are at a disadvantage, because most groups get most of their ideas and innovations from the outside. Second, I also derive the principle of intermediate fragmentation: you don't want excessive unity and you don't want excessive fragmentation; instead, you want your human society or business to be broken up into a number of groups which compete with each other but which also maintain relatively free communication with each other. And those I see as the overall principles of how to organize a business and get rich.
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A printable version of Diamond's talk begins about halfway down the page HERE.
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Book: Guns, Germs, and Steel: The Fates of Human Societies
Joe at 11/14/2007
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