About the Economics of Hardware and Software.
Some Highlights:
"the software industry is unlike any other, and represents a sharp break from anything that came before. Its combination of low barriers to entry and huge growth potential make it a unique segment of the economy."
"I've come to the conclusion that computer hardware, in addition to software, also displays some weird, wonderful, and unique economics. In particular, computers improve so quickly and consistently over time that they are fundamentally unlike anything else that companies spend money on."
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