Hamilton Helmer: prediction

Transcript context

…The Acquired audience has grown so much since the last time we did this together. We thought it might be fun first to humanize the Seven Powers a little bit and do a little background on what is this thing that we talk about on every Acquired episode. How did the two of you come to be world experts in this? I think in other episodes, my understanding as an economist is that the ground zero for economic vitality is the strength of the entrepreneurial sector. There's a famous economist called Joseph Schumpeter. He posited that. It was different from normal economic theory at the time because it was very dynamic and not mathematical. I believe that very strongly. Of course, Silicon Valley is a center for that. The thing that really interested me was, can I contribute to that in any way? Is there anything that I can do that helps with that? My discipline is sort of business strategy. There's a real question about, is there anything useful that business strategy can add to that creative, dynamic effort of all these people? I'll cue it up with an example that I used to use in my class at Stanford sometimes, which is that if you can imagine me holding up two devices. That's the iPod with the touch wheel. I have no idea. Is that a calculator?…

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