Creative Destruction
Schumpeter's engine of capitalism: the entrant that revolutionises the structure from within, destroying the incumbent's franchise in the act of building the new one. For an investor it converts moat analysis into decay analysis, because every terminal value is a bet on how long the gale spares this company. Ask what kills this before asking how fast it grows.
10 books · 2 people behind it · 4 resources
Start here
- Only the Paranoid SurviveAndrew S. Grove, 1996
- The Innovator's DilemmaClayton M. Christensen, 1997
- Capitalism, Socialism and DemocracyJoseph A. Schumpeter, 1942
The people behind it 2
Each person holds a book in this entry or names it in their own tags.
Executives 1
Journalists 1
Resources 4
- Underestimating the Red QueenMichael J. Mauboussin · paper · Competitive erosion is faster than forecasts assume.
- The Red Queen EffectShane Parrish · essay · Running hard to hold position against co-evolving rivals.
- Why Competitive Advantages DieMorgan Housel · essay · How success itself erodes the edge that produced it.
- Birth, Death, and Wealth CreationMichael J. Mauboussin · paper · Corporate life cycles and where value actually accrues.
Books 10
Clayton M. Christensen · 1997
Jim CollinsMohnish PabraiAaron LevieAndrew ChenAndrew GroveBen HorowitzBill GurleyBrant CooperBrett AdcockCaterina FakeChris DixonDrew HoustonEv WilliamsFred SchebestaGuy KawasakiJeff BezosJensen HuangKevin KellyMarc AndreessenMarc BenioffMark CubanMax LevchinMichael BloombergNir EyalPaul GrahamReid HoffmanRyan HooverSophie BakalarSteve JobsTim O’Reilly
Carlota Perez · 2002
Clayton M. Christensen, Michael E. Raynor · 2003
Matt Ridley · 2010 · Specialisation and exchange as the engine of rising living standards
George Gilder · 1992 · Supply-side case for entrepreneurs as the actual source of growth
Moises Naim · 2013 · Why incumbent power in states, firms and armies now erodes faster
Ross Douthat · 2020 · Argument that rich societies have stagnated into repetition and sterility