Episode · Invest Like the Best · 2018-11-20
Patrick O'Shaughnessy & Alex Moazed: books mentioned on Invest Like the Best #25
[REPLAY] Alex Moazed – Building Modern Monopolies - [Invest Like the Best, EP.25]
[REPLAY] Modern Monopolies: What It Takes to Dominate the 21st Century Economy, which explores the platform business model (Uber, Airbnb, Github).
Patrick O'Shaughnessy recommended Modern Monopolies by Alex Moazed, and discussed The Systems Bible by John Gall. Alex Moazed recommended The Master Switch by Tim Wu and Zero to One by Peter Thiel and others.
Books mentioned, in the order they came up
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Modern Monopolies
Recommended“My guest is Alex Moset and the book in question is Modern Monopolies which explores the platform business model. Think Uber, Airbnb, or GitHub and also explores the history of business in general. Most non-fiction books are three times too long but I wish this one had been longer.”
Where to get it
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The Systems Bible
The Systems Bible by John Gall is a satirical yet insightful examination of how systems operate, fail, and evolve in daily organizational life.
Discussed“I read a, an interesting book. I've referenced a few times, um, called the systems Bible, which is a fascinating book. And one of the the things that talks about is that there never has been, there's no examples of a complex system that people have designed and dropped in and then it's worked, right?”
Where to get it
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The Master Switch
The Master Switch by Tim Wu examines the repeating historical cycles in which information technology and media industries inevitably consolidate from open systems into concentrated empires controlled by a few dominant players.
Recommended“I mean, I think, well, some of the, some of the books that, that I know we read with myself and coauthor and Nick Johnson, uh, while putting the book together was Tim Wu's book, the master switch really does, especially if you want to dig deeper into this kind of, you know, old monopoly versus new platform, modern monopoly”
Where to get it
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Zero to One
Zero to One by Peter Thiel and Blake Masters is a prominent business and technology book that explores how startups can build unique monopolies and create entirely new innovations rather than incremental improvements.
Recommended“Um, I think some of Peter Thiel's work as we were talking about is great, really fast, quick, easy reads like zero to one, but the, you know, the concepts are there and pure and, um, he's definitely a strong stalwart and in the arena of, of this thinking. So those two would, would be where I'd start”
Where to get it
Other mentions in this episode (1) — ad reads, self-promotion and passing references, never counted
“Ooh, um, I think, I think the book launch was a pretty huge milestone. I never thought I'd be an author to, to begin with, but I, I am that title and I was invited to a conference and they had my bio and they said author and I looked at it saying, I guess, I guess so.”