Book Title: The Curve
Written by: Nicholas Lovell
Chapter Title: Scarcity and Abundance
Order Information:
A “like” [on Facebook] doesn’t necessarily translate as a fan. It’s a very passive relationship (Quoted from Troy Carter).
One of our best sources of information on what a company did was brochures… annual reports…detailing financial results but also full of marketing and public relations material… Our competitive advantage was our ability to file brochures stolen from the receptions of major companies better than our competitors!
The competitive advantage for an investment bank is not to have information: it is to filter out the noise and find the important nuggets….
Dropbox is estimated by Forbes to have made $500 million in revenue in 2012 and to be profitable, even though only about 4 percent of users pay it any money at all.
Humans just aren’t very good at accepting that was once scarce is now abundant… Abundance, from an evolutionary perspective, resolves itself, while scarcity needs to be fought over.
A wealth of information creates a poverty of attention (Quoted from Herbert Simon).
Note: To comply with the requirements of the fair use, the excerpts here are not necessarily the most important or the core concepts or even summary of the book. They are just a few sentences and statements I have highlighted in the book for later reference, hoping that reading them encourage you to buy the book and read it.
