A financial lens I learned this week: wholesale transfer pricing.

· Bits and Bobs 8/4/25
  • A financial lens I learned this week: wholesale transfer pricing.
    • If the wholesaler has a rare input they can extract most of the net value of the innovator on top, since they're the only supplier.
    • A related observation: the old school restaurants that are left are the ones who own their own buildings.
    • Otherwise, the landlord would have priced them out long ago.