Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Creative Destruction

Mental models

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.

Books 10Experts 3Recommenders 52Resources 4

Start here

  1. Only the Paranoid SurviveAndrew S. Grove, 1996
  2. The Innovator's DilemmaClayton M. Christensen, 1997
  3. Capitalism, Socialism and DemocracyJoseph A. Schumpeter, 1942
Capitalism, Socialism and DemocracyCapitalism, Socialism and Democracy
T1 Capitalism, Socialism and Democracy
Joseph A. Schumpeter · 1942
Goodreads

Capitalism runs on creative destruction, and its success may lead it to socialism.

Only the Paranoid SurviveOnly the Paranoid Survive
T1 Only the Paranoid Survive
Andrew S. Grove · 1996
Open LibraryGoodreads

How to spot a strategic inflection point, when a tenfold force changes a business.

“On my Top Ten List. Great Book. Grove was CEO of Intel.” — Mohnish Pabrai

Source: Mohnish's Bookshelf — Books on Entrepreneurship, Management and Leadership, entry 174

Recommended by: Charlie Munger, Mohnish Pabrai and 11 others

The Innovator's DilemmaThe Innovator's Dilemma
T1 The Innovator's Dilemma
Clayton M. Christensen · 1997
Open LibraryGoodreads

Why well-run firms lose to cheaper, worse products that enter at the market's bottom.

“Awesome book. May move soon to my Top Ten List. If anything will keep CEOs awake at night, reading this book certainly will.” — Mohnish Pabrai

Source: Mohnish's Bookshelf — Books on Sales & Marketing, entry 66

Recommended by: Jim Collins, Mohnish Pabrai, Aaron Levie and 27 others

The Red QueenThe Red Queen
T2 The Red Queen
Matt Ridley · 1993
Open LibraryGoodreads

Sex evolved as a defence against parasites, and that shapes human mating.

“I really highly, highly recommend picking up Genome, The Red Queen, Origins of Virtue, The Rational Optimist, and The Evolution of Everything.” — Naval Ravikant

Source: The Tim Ferriss Show — Naval Ravikant Q&A, full transcript

Recommended by: Mohnish Pabrai, Naval Ravikant, Seth Klarman and 1 other

Technological Revolutions and Financial CapiTechnological Revolutions and Financial Capital
T2 Technological Revolutions and Financial Capital
Carlota Perez · 2002
Open LibraryGoodreads

Five technological revolutions since 1771, and why each brings a financial bubble.

“Perhaps the best book on the topic is Carlota Perez, Technological Revolutions and Financial Capital” — Michael Mauboussin

Source: New Business Boom and Bust: How Capitalism Experiments (Consilient Observer, Counterpoint Global)

Recommended by: Michael Mauboussin, Patrick Collison

The Innovator's SolutionThe Innovator's Solution
T2 The Innovator's Solution
Clayton M. Christensen, Michael E. Raynor · 2003
Open LibraryGoodreads

How a company can build new businesses through low-end and new-market disruption.

Recommended by: Jeff Bezos, Keith Rabois

The Rational OptimistThe Rational Optimist
T2 The Rational Optimist
Matt Ridley · 2010
Open LibraryGoodreads

Prosperity grows as trade and specialisation let ideas meet and combine.

“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson

Source: Andrew Wilkinson's Bookshelf, neverenough.com

Recommended by: Andrew Wilkinson, Bill Gates, Frank Martin and 10 others

Recapturing the Spirit of EnterpriseRecapturing the Spirit of Enterprise
T3 Recapturing the Spirit of Enterprise
George Gilder · 1992
Open LibraryGoodreads

Supply-side case for entrepreneurs as the actual source of growth

“on how economic systems that encourage aggressive entrepreneurship build the most for the benefit of the most” — Marc Andreessen

Source: @pmarca, companion thread to 'It's Time to Build'

Recommended by: Marc Andreessen

The End of PowerThe End of Power
T3 The End of Power
Moises Naim · 2013
Open LibraryGoodreads

Why incumbent power in states, firms and armies now erodes faster

Recommended by: Mark Zuckerberg

The Decadent SocietyThe Decadent Society
T3 The Decadent Society
Ross Douthat · 2020
Open LibraryGoodreads

Argument that rich societies have stagnated into repetition and sterility

Recommended by: Peter Thiel

More mental models

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