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by SarikayaKomzin
2012 days ago
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As many have pointed out, this is an obviously oversimplified maxim. But I’d like to add two reasons why I think it is a useful heuristic despite that. 1. Great content can’t be commodified, despite the industry’s best efforts. 2. Content lives in extremistan. [1]. Though the average piece of content has little upside, the upside of a great piece of content is nearly limitless. At the very least, content is a “prince” alongside distribution (network effects). [1] “Taleb provides another example of Extremistan: book publishing. Suppose one randomly chooses a thousand authors, and adds up the total number of books they have sold. Now, add the bestselling author in the world, J.K. Rowling, the author of the Harry Potter books. Her book sales with vastly exceed the total of the other thousand authors.” https://people.wou.edu/~shawd/mediocristan--extremistan.html |
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