In this opinion in the WSJ (Oct. 2019), Andy Kessler discusses the role of technology in creating a competitive advantage and strategy.

Writing Well is Difficult

This article in the WSJ (Oct. 2019) describes the problems the SEC is having getting financial advisers to write well.

My reaction: Gut Instinct is Information

I stress the importance of gathering information to improve the information flow to deciders. This article in the WSJ (Oct. 2019) cautions against relying solely on data analytics when making decisions. 

An example of using the power of the government to raise barriers to entry

Why would Kentucky have a law that lets incumbent firms stifle entry into the ambulance industry? One answer: to help the incumbents earn profit in the long run.

Can the five forces model help you in the stock market?

Andy Kessler's advice sounds like an argument for using industry analysis to find where the grass is probably greener.

Why are prices for prescription drugs so high?

ReadClear Policy (Oct. 2019) describes the role of and incentives facing pharmacy benefit managers, or PBMs. Spoiler alert: the incentives encourage the managers to negotiate for higher prices.

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