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" ... Evans and Schmalensee: A key principle seems trite until you see how many matchmaker wannabees ignore it: to be successful you have to reduce a really significant market friction. Take mobile money. Almost every adult in Kenya uses the MPESA system to send and receive money using their mobile phones. MPESA ignited its system in the late 2000s, when the only way to move money around the country was by using bus drivers and others as couriers. There were few banks, bad roads, and lots of theft: lots of friction. On the other hand, despite lots of hype, hardly anyone in America uses Apple Pay; it accounts for a miniscule portion of payment transactions 18 months after its launch. The basic reason is simple: Apple Pay is really slick, but it was already very easy to pay merchants by swiping cards. Not much friction at all. ... "
" ... Let's hope we're going to get a new 21st century meaning of Plutocracy. And The New Elite will be more than hopping on their private jets to move from castle to castle to yacht, pushing up the prices of art and trying to emulate the Roman Emperors, the 18th century French nobility or the Russian Tsars. More Warren Buffett wannabees please. ... "
" ... The themed retail shop at 935 Broadway will be a magical experience for Harry Potter fans and Hogwarts wannabees. Spanning three floors and over 21,000 square feet, Harry Potter New York will house the largest collection of Harry Potter and Fantastic Beasts products under one roof. ... "