Eric Balchunas on the Vanguard Effect
Masters in Business
00:00
Can You Cannibalize Yourself?
How often do companies cannibalize themselves? Compete against themselves cut fees if competition does enforce them. Apple story is so instructive because it's an outlier. People don't cut, cut costs unless they have to. And i think you either have to canibalize yourself or create enormous value and keep just throwing value and value and value a to keep that price steady. I would have gone crazy in the eighties. In the eighties culture, i would have just got carried away. So i can an an ferrares it.
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