GPT-4o launches, Glue demo, Ohalo breakthrough, Druck's Argentina bet, did Google kill Perplexity?

4218.455 - 4240.06 David Friedberg

For example, if you miss an entire trend, someone could invest in Macy's back when Amazon was taking off and have done a lot of precise analysis on Macy's margin structure and performance and said, this is a great business. But they missed the bigger trend, which is that e-commerce was going to sweep away Macy's. And consumers were simply, that's not possible in the analysis that they were doing.