Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked June 24, 2022

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Mon Jun 06 12:55:20 +0000 2022

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Nassim Nicholas Taleb @nntaleb

@LUmutoniwase on rigid basket. — PolitiTweet.org

Posted June 6, 2022

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Nassim Nicholas Taleb @nntaleb

3) The core is optionality. The consumer does not have a rigid basket, but has the option to switch between items and substitutes as they become available via high and low technology. I see errors made today by "professionals" that were almost never made in the past. — PolitiTweet.org

Posted June 6, 2022

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Nassim Nicholas Taleb @nntaleb

4) Costco's success lies in using optionality & substitution. Their method consists in finding,under stringent quality control, maximally economical items per category. They don't sell 10 varieties of a given item, just 1 or 2. So their edge expands during inflationary periods. — PolitiTweet.org

Posted June 6, 2022