FELIX OBERHOLZER-GEE

According to the Law of Effection, the key to achieving financial success is by combining scale and magnitude.

Net Profit formula: Units Sold (Scale) × Unit Profit (Magnitude)

• Scale: doing activities on a large scale has the potential for high profit
• Magn...

Growth investors buy stocks (even those whose current value is low relative to their current price) because they believe the value will grow fast enough in the future to produce substantial appreciation. Thus, it seems to me, the choice isn’t really between value and grow...

With value being in the eyes (and experience) of the consumer, the price they are asked to pay must be (much) lower. The entrepreneur’s job is to figure out at what price their product is attractive, and then choose a cost structure that allows for profit. In other words, the price is a