Best business is to buy your competitor, it's cheaper than to destroy it. In this complicated world more and more competitors figured out that they have to combine. And with Chep money the best use is to borrow and pay whatever for your competitor!

From Reuters-
Patrick Drahi, the owner of France's number two telecoms player Numericable-SFR (NUME.PA), has offered to buy smaller rival Bouygues Telecom (BOUY.PA) for about 10 billion euros ($11.4 billion) in cash, two people familiar with the matter said.

The move, which was first reported by the Journal de Dimanche, would take the French mobile market from four to three players at a time when the merits of such consolidation are being hotly debated in Europe.

From Reuters-

Mexico's Bimbo, among the world's largest bread makers, said on Monday it had reached a preliminary deal to buy Spain and Portugal-based Panrico, excluding certain brands.
Bimbo said in a statement that the deal was subject to the approval of antitrust regulators and it did not provide any details on the amount of the purchase. (Reporting by Michael O'Boyle)

Number one, cash is king... number two, communicate... number three, buy or bury the competition.

From Peter Thiel,

Competition Is for Losers

If you want to create and capture lasting value, look to build a monopoly, writes Peter Thiel

This means that even very big businesses can be bad businesses. For example, U.S. airline companies serve millions of passengers and create hundreds of billions of dollars of value each year. But in 2012, when the average airfare each way was $178, the airlines made only 37 cents per passenger trip. Compare them to Google, which creates less value but captures far more. Google brought in $50 billion in 2012 (versus $160 billion for the airlines), but it kept 21% of those revenues as profits—more than 100 times the airline industry's profit margin that year. Google makes so much money that it is now worth three times more than every U.S. airline combined.
The airlines compete with each other, but Google stands alone. Economists use two simplified models to explain the difference: perfect competition and monopoly.

http://www.wsj.com/articles/peter-thiel-competition-is-for-losers-1410535536

I am not used to train before 6 am but with people from São Paulo everything is possible!

Now i feel great but after lunch i guess i will be tired.

Yesterday i used UBER

it was cheap & flawless

3,19 euros for a ride that usually costs 5 or 6 on a normal cab. I followed the car until it reached my street and i went down just in time.

on top of that the car was clean

	21:39 Calçada Necessidades 44, 1350-180 Lisboa, Portugal
	21:46 Rua das Amoreiras 78B, 1250-096 Lisboa, Portugal

CARRO
uberX

quilómetros
2.34

DURAÇÃO DA VIAGEM
00:06:42

I asked the driver how can he afford to receive only 80% of the fee (20% is for UBER) and he told me he has been busy non stop since he started working. That is the trick, efficiency.The normal cab's are idle most of the time.

When a company can improve the life of their prospects they have a business. That is the most important thing.

Be of service

The best customer service is if the customer doesn't need to call you, doesn't need to talk to you. It just works.

Jeff Bezos

UBER has a business and naturally they will extinguish a lot of jobs because they are better and scalable and almost no human intervention. Just a beautiful software !

That makes me think about the future and the future is going to be this:

From the ECONOMIST

The Swiss will soon vote on a proposal for a basic income of 2,500 francs ($2,700) per month, following the success of a national petition........

The left has usually viewed such policies as a way of beefing up the social safety net and fighting inequality. That is particularly appealing in a world where technology creates unimaginable riches for some, but threatens the jobs of others. As early as 1964 James Meade, an economist, argued that technological progress could reduce the demand for labour so much that wages would fall to intolerable lows. In a world where a computer can suddenly make a profession redundant, those who have worked hard cannot be certain of a decent standard of living. That may justify more generous state support.

I spent last week between Washington & London

I fly there with Lufthansa and together with TAP i think it's the best airline that i have flown. I never tried the Asian (Singapore) /Middle east ones.

I stayed in the first JW Marriott near the White House. Decoration with bad taste. No plug in for european power and they don't lend adapters. It cost 20 USD at the shop with no refund. Brakfast was not included. They have a pool but it was full of kids and i mean full, it was some kind of school.

Every morning i walked to a GYM called Flywheel some 40 min away from the hotel near Dupond Circle to do a 6 am Spinning class. Same concept of Studio Velocity in São Paulo. It's good but in SP they know better how to work with the software. They take everything from you. They make everybody compete with each other and against himself. It's a good product but a bad business. (They lend you shoes , towels and they have people helping you set the bike right, it's a lot of expenses)

I had 3 free hours before my flight back to London. Decided to visit National Gallery of Art. It's free, very few people, you can take pictures and many times you have a room just for you. Just me and Van Gogh! what a difference with London where you pay everything and the rooms are packed.

A lot of older people still at work . Not like in Europe where older people have no place in the workforce. I took a pic of this 2 ladies in the entrance of the Museum. That is not possible in Europe where we send our older people home before they are unable to work.

Worst Lounge ever: United Dulles airport terminal C.

Best rooftop bar ever. Hotel W in Washington.

Cabs are very decent in Washington.

Competition is for Losers

Competition Is for Losers

If you want to create and capture lasting value, look to build a monopoly, writes Peter Thiel

when you have everything

6 AM Today in Lisbon

I guess all is well in the Tech world

I miss the competition !

Just a beautiful software

Just me & Van Gogh

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