Dream Toolbox

Episode 16: Zero Sum Games


Listen Later

What does that mean? Think about any sports contest. Whether it is baseball,
football, or any other competition, there is only one winner. Second place is
only the first loser. But financial success is not like that. Think about Apple
Computer, the most valuable company in the world as I am writing this. One
of the reasons that Apple is so successful is that it has created platforms for
apps on which independent developers can produce and distribute apps that
can make their creators very wealthy very fast.
But consider this: everytime one of those app developers creates a successful
app, Apple computer gets richer. But this is the important distinction. Apple
does not get rich by making the app producer poorer. It gets rich by making
the app producer richer. This is the exact opposite of a zero sum game. It is a
game in which success by one party increases the success and wealth of the
other. That is how business in a free society works at its best.
...more
View all episodesView all episodes
Download on the App Store

Dream ToolboxBy Kenneth Aldrich