Real progress comes from vertical innovation (0→1), not copying what works (1→n). Monopoly is the goal — competition is for losers.
- • Every moment in business happens only once — no next Bill Gates or Zuckerberg.
- • Great companies solve a unique problem and own their market completely.
- • "Competition is for losers" — profits vanish under perfect competition.
- • The best startups are secrets: important truths few people agree with.