Why earning a positional advantage is truly advantageous. In my last column I discussed how an inebriated citizen of Beijing surnamed Hou earned a 10,000-fold return through a positional advantage. Back in 2008 he bought the rights to a liquor brand name bearing a strong resemblance to Mo Yan, the winner of the recently-announced Nobel […]
As Luck Would Have It: Reaping Big Rewards from a Positional Advantage
How Mo Yan’s Nobel Prize win had someone else laughing all the way to the bank. Changing times can lead to changing fortunes. Recently, events gaining international attention have changed two enterprises’ fortunes for the better. One is a single-person operation while the other is a multi-billion dollar corporation; but both involve liquor and illustrate […]
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