Amateur investors from WallStreetBets subreddit recently disrupted the hedge fund game by bulk buying GME (GameStop) stocks creating value where there was none before. The Redditors found that some hedge funds had a short position against the gaming company and started the market craze that got coverage nationwide.
Until very recently, the creation of value was heavily dependent on the physical world. The value itself was transferred through tangible goods, like gasoline, beans, rocks, goods extracted from the earth. However, the world has physical limitations. A finite amount of resources and the law of physics dictate the theoretical global maximum.
The digital realm has no such restraints.
The digital transformation predicted almost a decade ago has already revealed its secrets. Uber has an immense evaluation as the carless ride-hailing provider. Airbnb is a hospitality company that doesn't own real estate. All are valued higher than the sum of their physical, earth-bound parts.
I believe the market is witnessing the beginning of digital value outstripping the worth of the physical world. Bitcoin and Etherum might seem like far away existential threats, but the "dumb market" tripling GME in a few days is an immediate existential threat to the "way business is done." It certainly won't be the last, and I'm excited to see what happens in the future.
Mar 1, 2021
By thinking critically about the design that exists around us - evaluating what works, what doesn’t and why - we can apply new perspectives and rigor to our work designing applications and systems and communicate more effectively through design.
Our observations range from big corporate rebrands to local business street fliers. With each, we’ve taken the time to break down the designs and offer our point of view via a ranking system modeled after the Robert Parker wine rating system.
Unsatisfactory: Does not achieve design or communication goals.
Satisfactory: Just enough, sufficient, fine or “sure.”
Good: It’s good.
Very Good: Better than most but not exceptional.
Exceptional: Unusually good, rare, outstanding.
We love looking at new things, so if you want us to evaluate something you have seen or made, feel free to get in touch at firstname.lastname@example.org, and be sure to sign up for the quarterly Thought Merchants email to get new observations delivered right to you.