In a totally efficient market, product price should correlate with product quality. Premium gas should be more expensive than regular gas. However, in reality, in most product categories, price doesn’t correlate with quality. I’d like to understand which factors contribute to this gap and how we can close this gap as much as possible. Price … Continue reading Does Price Correlate with Quality?
Last year, the McKinsey Global Institute published a report called “China and the World”. I think this is by far the most interesting report I have read in the last few years. There is only one problem: This PDF is 162 pages long. For readers who want an executive summary, I’d like to offer my … Continue reading China and the World – Highlights from the McKinsey Report
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