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A good transaction is arbitrage, which is a firm belief in one's trading model. The money is right there, in one's strike zone, just waiting to be picked up.
A good business meets the condition of having a high enough ceiling, aligns with trends, and can accommodate more talent and capital.
More critically, the business model must have decreasing or even zero marginal costs during the scaling process, making it the most antifragile.
For example, <樊登读书>, with only 100 people in the team including technical staff, the rest are agents, selling millions of membership cards annually.
A bad business is one where marginal costs do not decrease during scaling. While it may seem scalable, it could collapse at the slightest disturbance.
A good business model stands on the side of time, becoming time's friend, with increasing effectiveness over time, allowing the growth flywheel to start spinning.
For instance, doing is a zero marginal cost model, which for individuals, is the best business.

币圈慈善家
@cryptocishanjia
07-12
有次和巫师吃饭,他说,他发现他的过往好的交易都是套利,都是一开始就明确知道自己赚的是哪部分的钱。
有次和另外一个朋友吃饭,他说做空的本质是在做时间的敌人,因为时间越长,对自己越不利。
👨❤️👨👨❤️👨👨❤️👨👨❤️👨👨❤️👨👨❤️👨👨❤️👨👨❤️👨
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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