Chapter
The Problem with Measuring Success by Revenue
10:58 - 19:59 (09:00)
The episode discusses the issues with using revenue as the sole indicator of success, such as in the case of authorship and movie-making, and highlights the importance of focusing on quality over quantity.
Clips
This episode discusses the Herfindahl index, which measures the variance of market shares in an industry, and explains why it may not be an accurate representation of competition.
10:58 - 14:56 (03:57)
Herfindahl Index
Summary
This episode discusses the Herfindahl index, which measures the variance of market shares in an industry, and explains why it may not be an accurate representation of competition. The concept of algorithmic compressibility is also introduced and applied to the media industry.
ChapterThe Problem with Measuring Success by Revenue
Episode#239: How to Reverse Aging with Art De Vany
PodcastThe Tim Ferriss Show
This episode explores the impact of private and public information on the success of movies at the box office, including how actors' careers can be influenced by a single movie and how a mixture of private and public information can lead to an expansive gross.
14:56 - 19:59 (05:03)
Box Office
Summary
This episode explores the impact of private and public information on the success of movies at the box office, including how actors' careers can be influenced by a single movie and how a mixture of private and public information can lead to an expansive gross.