January 8, 2017

For your Sunday viewing pleasure...

No big email today... instead, I’d like to share a video that I come back to again and again and again when thinking about the effects of specialization on wealth creation.

It’s a TED talk called “When Ideas Have Sex” by Matt Ridley:


NOTE: Pay special attention to the bit about Adam and Oz trading a spear for an ax. It goes by fast, but it is CRITICAL to the concept of mutual profit. I had to rewatch it about 10 times before I really internalized it.

If you have a few more minutes, check out this wonderful and related video about The Toaster Project:


Back to retainers tomorrow!