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I noticed that I've been experiencing a visceral backlash against this. There was a video talking about new woodworking products and almost every one had a recurring cost and they talked up how many patents they had. My first reaction was "I'm never buying this because I refuse to get locked into your ecosystem, and there'll be no supplier for these materials once you fold."

e.g. Magnetic hidden screws: https://gfycat.com/bonyinbornheifer

> Magnetic hidden screws

Whoa!

We need to change the tax law to charge property tax on rented software and other media products.

Realized this is a great PE thesis: buy companies that don't have a recurring narrative, but do have recurring revenue.

Example: insurance companies. Warren Buffet like 50 years ahead on this game I think. Fix narrative, sell company, repeat.

To be fair, how many companies has he (or Berkshire Hathaway) sold?