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A classic piece on how to borrow & get rich in a kinda sorta questionable way. In all likelihood, we have dozens of examples of such elite in India.
This is what makes it difficult to call Economics a true science - experiment results are rarely replicable given the number of variabilities.
No surprises here. Anyone with an MBA or even an ounce of common sense could've seen that Groupon's current business model is shaky at best, especially in the long term.
A really long long piece
Pretty much a version of "The wolf & the mastiff" as the author himself puts it -
"If doing a startup is like rolling a boulder up a hill, then working at Goldman Sachs is like rolling it down the hill: you just have to stay out of the way of the boulder"
A big brand name combined with brains can be a deadly combination
Debt is one of the fundamental differences between the US & Indian consumer.
Algorithms to predict consumer behaviour & risk. Wonder what's left for them to predict.
Royalties from The Great Gatsby totaled only $8,397 during Fitzgerald’s lifetime. Today Gatsby is read in nearly every high school and college and regularly produces $500,000 a year in Scottie’s trust for her children.
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