The Signal #23: Competitive Advantage

We’ve been lax in posting our newsletter to this website. Below is #23, on immigration and competitive advantage. ** Friends, The story of business is the story of the search for competitive advantage, preferably sustainable competitive advantage. To Michael Porter, competitive advantage meant either cost advantage or differentiation. Morningstar talks about economic moats. These refer […]

Your San Francisco election, visualized

On November 3, San Francisco voted. About 30% of registered voters voted. Mayor Ed Lee was re-elected; Sheriff Ross Mirkarimi was shown the door; various ballot initiatives passed or failed. At a high level, the referenda up for ballot were about balancing growth, preservation and affordability in a land-constrained, ever-more-expensive city: San Francisco. Local Measures […]