David Rosenthal: belief

Transcript context

…All right. What of the seven powers—and for listeners who are new to Acquired, go listen to our previous episode with Hamilton to learn what power is—do you think that Nintendo has in the time period from 1990 to today? Let's start with what we talked about in the last episode and what we talked about with Hamilton and Chenyi about this amazing, magical, alchemical blend of scale economies, network economies, and switching costs, that the NES was in the 1990s. I think they basically do not have that anymore. That has disappeared in all the ups and downs over the last 20–30 years. I think you could maybe argue that none of the console players have this anymore, at least not in the same way that the NES did. They do have these elements, but so did their competitors, so it's not differentiated anymore. I think that's actually no longer the case for Nintendo. I think they absolutely have a cornered resource in their IP. For sure. That's their strongest one now.…

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