What I read this week...
Week 105
STRATEGY & MANAGEMENT
Different Kinds of Smart (Morgan Housel)
Apple Retreats (Stratechery)
“In short, Apple is no longer the little reed they were when Jobs could completely change the company’s strategy in mere months; the push towards ever more lock-in, ever more centralization, ever more ongoing monetization of its users — even at the cost of the user experience, if need be — will be impossible to stop, for Tim Cook or anyone else. After all, such moves make Apple strong, until of course they don’t…”
Meta is finally bringing ads to WhatsApp (CNBC)
“It took 11 years since Facebook acquired it for $19 billion, but Meta
is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising…”
Apple is behind in AI — maybe it can buy its way to the top? (Sherwood)
INDIA
How India spends: A deep dive into consumer spending behaviour (PWC x Perfios)
Some really good insights!
How India Spends: Consumer Habits and Trends (Breakdown)
Rapido's Genius Strategy to Beat Zomato and Swiggy (Backstage with Millionaires)
Strategic Musings
Steve Jobs on why thinking without doing is incomplete — “My observation is that the doers are the major thinkers. The people that really create the things that change this industry are both the thinker and doer in one person. And if we really go back and we examine, you know, did Leonardo have a guy off to the side that was thinking five years out in the future what he would paint or the technology he would use to paint it? Of course not. Leonardo was the artist, but he also mixed all his own paints. He also was a fairly good chemist. He knew about pigments, knew about human anatomy. And combining all of those skills together, the art and the science, the thinking and the doing, was what resulted in the exceptional result. And there is no difference in our industry. The people that have really made the contributions have been the thinkers and the doers.”
Caught my eye…
