Deck no. 25 Flashcards
to take a bite out of
zabrać pewną część czegoś
Call it “investment normcore”— clothes that blend in with a man-of-the-people look but take a bite out of one’s bank account.
pojedynek
duel
Yet chess champions have always brought along seconds, in a variety of roles, for these duels as far back as the 19th century. Most are there to finesse opening theory. But Carlsen also likes to talk fantasy Premier League and play soccer on off days between games.
odpychać, zrażać
to repulse
She wrote that the “essence of Camp is its love of the unnatural: of artifice and exaggeration” and that “the androgyne is certainly one of the great images of Camp sensibility.” In the context of a conservative and straitlaced NBA, as a fan Dennis either repulsed or delighted you, depending on your capacity to embrace what was deemed weird.
zmowa, coś ukartowanego
put-up job
“This is not quite a put-up job, but nonetheless has been cobbled together so that Ghislaine is made to face the charges that Epstein never faced,” her brother, Ian Maxwell, told the Associated Press.
wchodzić w grę
to be at play
The breadth of instances BTIG identifies in which independent marketplaces have prospered often even in the face of aggressive attack by Amazon suggests that more fundamental structural issues are at play.
to hamstring
ograniczać, paraliżować
Apple has a healthy 11% market share in China. But another Western tech giant, Microsoft Corp., which first opened a China office in 1992, now finds itself hamstrung by the country’s nationalism in areas such as cloud storage.
to flatten
tu: zrównać z ziemią
There’s one scene where Dennis starts to explain his self-assigned homework of learning how the ball would bounce and spin off missed shots from different players from every spot on the floor. The moment, however, was immediately meme-ified and flattened, with Dennis’s flailing arms and facial expression used as fodder for feelings of exasperation or confusion.
to stratify
rozwarstwiać
Those who do not capitulate will be relegated to the bottom rung of our increasingly stratified economy.
bo pożałujesz (używane, aby komuś zagrozić)
or else
Hong Kong Says Vote—or else.
odwieść (np. od jakiegoś pomysłu)
to dissuade
This has not dissuaded the media or other academics from characterizing Tirole’s intellectual contribution as somehow applying uniquely or differently to “Internet-era companies.”
to hit a ceiling
a sign that the company is exceeding growth plans
Yet in a recent survey of roughly 1,600 Chinese consumers, Tesla ranked among the top auto brands to avoid, signaling that the company could be hitting a ceiling on market share, Bernstein Research analysts said.
faktycznie, w rzeczywistości
effectively
Ads for after-school tutoring are also banned, but that is effectively the case already—one reason advertising revenue for companies like Tencent and Baidu slowed in the recent quarter.
the stuff of legend
legendarny
The impact of technology on the music industry is the stuff of legend at this point, but now that the companies have discovered a sustainable piracy-free pricing model for digital distribution, the business has enjoyed a resurgence.
niewyobrażalny, ogromny, zadziwiający
mind-boggling
That said, the diversity of connections made possible by the internet has spawned a mind-boggling array of legitimate platform businesses, often with very different business models.
asking price
cena wywoławcza
Asking rents for some of the remaining space are more than $300 a square foot, near record levels for U.S. office space.
rozwarstwiać
to stratify
Those who do not capitulate will be relegated to the bottom rung of our increasingly stratified economy.
old head
starsza lub doświadczona osoba
He’s an old head with old-head views on the modern game, but the way he talks about it makes you suspect that he wishes the next generation would call him up to work with them, to absorb what he knows, the way players have called up former Houston Rockets center Hakeem Olajuwon to show them his footwork in the post.
to gain traction
zyskać uznanie,
Long term, Tesla is likely to lose ground in China to domestic competitors, industry analysts say. Earlier this year, Morgan Stanley analysts forecast that Tesla would make up roughly 15% of China’s all-electric vehicle market this year but that this would fall below 7% by 2030 as homegrown companies gain traction.
uzasadniony
warranted
Research firm BTIG has noted that investors in independent marketplaces are “perpetually petrified of competition from Amazon, Facebook, and Google.” After reviewing the data, however, they concluded that “investor concerns are largely unwarranted.”
państwo opiekuńcze (pejoratywnie); rząd, który próbuje nadmiernie kontrolować życie swoich obywateli
nanny state
Beijing goes full nanny state on internet tech.
wydarzyć się
to go down
I have no idea how to prepare for whatever could go down at a party hosted by one of the most notorious partiers of all time.
to take hold
zacząć być akceptowanym, utrwalać się
The tenacity with which the Platform Delusion has taken hold, not just in the public imagination but among institutional investors, reflects in part the sustained efforts of those who have a vested interest in its continued vitality.
napięcie (np. emocjonalne), stres
strain
His relationship with his kids is strained, and he thinks often about Alexis, his first, who was born in 1988. Dennis wasn’t around much when she was growing up. Professional athletes have intense schedules, and on top of that, Dennis was always off partying.
całościowy, obejmujący wszystkie elementy, wszechstronny (np. rozwiązanie)
all-encompassing
To suggest otherwise—that is, to proffer a simple unitary all-encompassing platform-driven basis for their success—is reminiscent of a particular sleight of hand favored by media moguls: if you only count the hits, inherently risky businesses suddenly seem invincible.
karmić się
to feed off
What is so irresistible about network effects is their potential to feed off themselves. There is something compelling about the virtuous circle of steadily increasing advantage reflected in the most successful businesses built on network effects.
mieć miejsce, być prawdą
be the case
Ads for after-school tutoring are also banned, but that is effectively the case already—one reason advertising revenue for companies like Tencent and Baidu slowed in the recent quarter.
to fall through
nie dojść do skutku, nie powieść się, nie udawać się, nawalić
GM officials are in talks with local governments to secure tax abatements and other approvals for the projects, and the plans could fall through or be altered, the people said.
large-cap
z dużym kapitałem akcyjnym (o akcjach)
Consumer proclivity to shop online varies dramatically by product and Amazon’s relative success online varies as starkly by category. It is notable that two of the relatively small number of large-cap consumer internet companies are e-commerce retailers in categories that one would have expected Amazon to dominate if the Platform Delusion were true.
mimochodem
in passing
Further proof that the one percent seems to prefer costly clothes that look entirely banal in passing: Airbnb CEO Brian Chesky has spoken at conferences while wearing subdued white $690 Gucci sneakers and, infamously, Facebook founder Mark Zuckerberg’s muted gray T-shirts from Italian luxury label Brunello Cucinelli cost $300-ish.
wziąć się w garść
to get one’s act together
The explanations provided relate overwhelmingly to flawed execution—whether because of an “uncompetitive offering” or simply “losing interest” in the targeted segment—rather than structural issues. These conclusions suggest that if only Amazon or another internet giant got its act together it really could dominate everything.
styl mody bazujący na codziennych, zwyczajnych ubraniach, niczym niewyróżniający się styl ubierania
normcore
Call it “investment normcore”— clothes that blend in with a man-of-the-people look but take a bite out of one’s bank account.
to do double duty as something
służyć również jako coś
The festivities are set to take place at Salt7, which bills itself as an upscale steakhouse that pulls double duty as a nightclub.
beneficiary
beneficjent, świadczeniobiorca (osoba odnosząca z czegoś korzyść), spadkobierca
A sore point for local rivals of Tesla is a government policy aimed at encouraging auto makers to produce more electric vehicles. Companies that don’t build enough must purchase credits from those that do. Tesla has been one of the chief beneficiaries of this rule.
to manhandle
sponiewierać, obchodzić się brutalnie
Which is why his time in San Antonio was such an uneasy fit. Of note was his frontcourt running mate David Robinson, the all-star center, who didn’t play with the kind of toughness Dennis was accustomed to coming from Detroit, where they manhandled opponents and were prepared to win both the game and the ensuing fistfight.
gniew
wrath
It has drawn wrath from domestic rivals over what they see as preferential treatment, suffers criticism of its vehicle quality from drivers and Chinese officials, and has been caught up in the government’s sweeping crackdown on big tech.
put-up job
zmowa, coś ukartowanego
“This is not quite a put-up job, but nonetheless has been cobbled together so that Ghislaine is made to face the charges that Epstein never faced,” her brother, Ian Maxwell, told the Associated Press.
slipstream
cień aerodynamiczny
It has thrived in Tesla’s slipstream, as have two Chinese peers that sell premium electric vehicles, Li Auto Inc. and XPeng Inc. The three companies’ electric-vehicle sales are likely to total more than 270,000 this year, up from around 12,000 in 2018, according to a forecast by consulting firm ZoZo Go LLC.
to grill
maglować, przepytywać
During his second spell in charge, he faced multiple grillings by US regulators over his approach to free speech, particular after he oversaw the banning of former president Donald Trump from the platform in the wake of the US Capitol riots on January 6 this year.
apparent
oczywisty, widoczny; pozorny
As mentioned in chapter 5, in earlier times and under less scrutiny, Amazon would likely have been able to eliminate this apparent anomaly by simply buying Wayfair and Chewy as it did Diapers.com, Zappos, and other pesky vertical leaders.
to bite the hand that feeds
gryźć rękę, która karmi
The closest thing to a structural impediment identified are the risks associated with “biting the hand that feeds” the internet giants, citing Google’s reluctance to compete directly with Booking and Expedia, who provide billions in advertising revenues.
wtrącić się; dopowiedzieć coś; przytaknąć
to chime in
A driver at an auto show publicly blamed Tesla brakes for an accident, after which China’s top legal-affairs agency chimed in, calling the company arrogant.
man-of-the-people
człowiek ludu, trybun ludowy
a man (such as a politician) who understands and is liked by ordinary people
Call it “investment normcore”— clothes that blend in with a man-of-the-people look but take a bite out of one’s bank account.
paczka (np. znajomych)
crowd
A solid cashmere cap that the uninformed could mistake for a $17 Gap hat exemplifies this trend for gratuitous luxury. It is the $295 hamburger of the clothing world—a polarizing extravagance that you must be this rich to partake in. Much the way Instagramming that hamburger with a coded caption clues in only insiders, part of these hats’ appeal is that they alert other one-percenters that you’re with the investment-banker crowd.
gaudy
krzykliwy, jaskrawy (kolor)
A prevailing mentality is that if you wear logos from head to toe, “you are gaudy, you’re new money,” said Tiffanie Woods, 29, a social media manager in Buffalo, N.Y., who also runs the Instagram account @successionfits, which identifies clothes worn on the HBO show.
effectively
faktycznie, w rzeczywistości
Ads for after-school tutoring are also banned, but that is effectively the case already—one reason advertising revenue for companies like Tencent and Baidu slowed in the recent quarter.
take
utarg, przychód (np. dzienny)
Protecting drivers’ rights is a key objective, including ensuring they get enough time off and benefits like social insurance. The guidelines also said ride-hailing companies should set a “reasonable” cap on their take from fares—and disclose them publicly.
broad-based
globalny; powszechny; o szerokim zapleczu
The ability of a niche commerce player like Etsy or 1stDibs to secure a sustainable competitive advantage on the supply side through proprietary technology vis-à-vis much larger broad-based competitors like Amazon, by contrast, may seem fanciful on its face.
to relegate
degradować; klasyfikować (coś), kierować (na odpowiednie miejsce)
Those who do not capitulate will be relegated to the bottom rung of our increasingly stratified economy.
gryźć rękę, która karmi
to bite the hand that feeds
The closest thing to a structural impediment identified are the risks associated with “biting the hand that feeds” the internet giants, citing Google’s reluctance to compete directly with Booking and Expedia, who provide billions in advertising revenues.
obrazić kogoś
to diss
He takes a drag of the cigar and seems immediately pacified, so I tell him that I was a Chicago Bulls fan even though I grew up in Virginia Beach, hoping to break the ice. “Sounds original,” he says dryly. Dennis Rodman just dissed me, and I’m choosing to take this as a sign that the cigar has him su ciently relaxed.
niższej jakości, gorszy
inferior
More realistically, such investments seem essential to avoid being put potentially at a significant competitive disadvantage relative to companies whose R&D budgets just in these areas often exceed the total revenues of more focused competitors. That said, even inferior technology when combined with unique and highly probative data sets can yield superior insights.
ogłaszać, afiszować
to bill
The festivities are set to take place at Salt7, which bills itself as an upscale steakhouse that pulls double duty as a nightclub.
cena wywoławcza
asking price
Asking rents for some of the remaining space are more than $300 a square foot, near record levels for U.S. office space.
skłonność, tendencja
proclivity
Consumer proclivity to shop online varies dramatically by product and Amazon’s relative success online varies as starkly by category. It is notable that two of the relatively small number of large-cap consumer internet companies are e-commerce retailers in categories that one would have expected Amazon to dominate if the Platform Delusion were true.
stawać na drodze czegoś
to get in the way of
Dennis understands how race functions in America perfectly well. He’d just rather not talk about it, I gather, because it gets in the way of having a good time.
małomówność, powściągliwość w słowach
reticence
Part of that may be down to sensible caution. But reticence can further complicate relations with customers, many of which are reluctant to place orders unless they can get capacity guarantees, says a semiconductor executive at another firm.
to whet
pobudzać, wyostrzać (np. apetyt)
As in the West, Tesla’s arrival whetted people’s interest in electric vehicles. The 2019 launch of the made-in-China Tesla Model 3 helped convince consumers such vehicles were a viable alternative to gasoline cars.
popychać do przodu
to propel
Chinese sales helped propel Tesla to its first full year of profitability in 2020 and provided roughly a fourth of Tesla’s revenue in the first nine months of 2021. Mr. Musk, meanwhile, has cemented his place as the world’s wealthiest person.
to impair
uszkodzić
Mr. Danto said, but the experience also made him realize just how much he relies on AWS. “You start to worry, how vulnerable are we to this one service? It raises panic.” Amazon blamed the outage on impaired network devices.
sponiewierać, obchodzić się brutalnie
to manhandle
Which is why his time in San Antonio was such an uneasy fit. Of note was his frontcourt running mate David Robinson, the all-star center, who didn’t play with the kind of toughness Dennis was accustomed to coming from Detroit, where they manhandled opponents and were prepared to win both the game and the ensuing fistfight.
to moonlight
dorabiać, chałturzyć
WHEN MAGNUS CARLSEN prepared to take on India’s Viswanathan Anand for the 2014 World Chess Championship in Sochi, the Norwegian champion had a Russian asset in his corner. His name was Ian Nepomniachtchi, an up-andcoming grandmaster Carlsen had handpicked as one of his “seconds”— a term for the elite players who moonlight as study companions around the biggest matches.
collateral damage
straty uboczne, przypadkowe szkody; straty wśród ludności cywilnej po ataku militarnym
The rulers of this new global order are the early platform investors and the visionary entrepreneurs they back. Those who join them have a chance of survival. All the rest are collateral damage.
ujmujący, uroczy
endearing
On a team of big personalities, he was a quiet, relentless grinder—an endearing fan favorite.
straitlaced
purytański
She wrote that the “essence of Camp is its love of the unnatural: of artifice and exaggeration” and that “the androgyne is certainly one of the great images of Camp sensibility.” In the context of a conservative and straitlaced NBA, as a fan Dennis either repulsed or delighted you, depending on your capacity to embrace what was deemed weird.
kompleks (budynków na ogrodzonym terenie)
compound
Beijing’s embrace of Mr. Musk was so warm that at a meeting in 2019, Premier Li Keqiang offered to give him a “Chinese green card.” Mr. Musk let the premier take a Tesla for a spin within the gated Zhongnanhai leadership compound.
to propel
popychać do przodu
Chinese sales helped propel Tesla to its first full year of profitability in 2020 and provided roughly a fourth of Tesla’s revenue in the first nine months of 2021. Mr. Musk, meanwhile, has cemented his place as the world’s wealthiest person.
solid
jednolity (o kolorze lub substancji)
On the hit series, the solid caps “often represent authority and intimidation,” explained the show’s costume designer, Michelle Matland. As she sees it, the absence of a logo says there’s “no relevant team but… team Me,” making the hats fitting accessories for the show’s ego-centric characters.
reticence
małomówność, powściągliwość w słowach
Part of that may be down to sensible caution. But reticence can further complicate relations with customers, many of which are reluctant to place orders unless they can get capacity guarantees, says a semiconductor executive at another firm.
wymachiwać
to flail
There’s one scene where Dennis starts to explain his self-assigned homework of learning how the ball would bounce and spin off missed shots from different players from every spot on the floor. The moment, however, was immediately meme-ified and flattened, with Dennis’s flailing arms and facial expression used as fodder for feelings of exasperation or confusion.
maglować, przepytywać
to grill
During his second spell in charge, he faced multiple grillings by US regulators over his approach to free speech, particular after he oversaw the banning of former president Donald Trump from the platform in the wake of the US Capitol riots on January 6 this year.
normcore
styl mody bazujący na codziennych, zwyczajnych ubraniach, niczym niewyróżniający się styl ubierania
Call it “investment normcore”— clothes that blend in with a man-of-the-people look but take a bite out of one’s bank account.
bezsporny (np. fakt)
unassailable
Artificial intelligence has been promoted almost as vigorously as network effects as driving the unassailability and inevitable global domination of digital platforms. The proliferation of new vertically focused multibillion-dollar software companies undermines the predictions that AI will lead to “the gradual demise of traditional specialization” and an increasingly winner-take-all world.
to hold
zorganizować
Amazon gets federal order to hold new union vote.
warranted
uzasadniony
Research firm BTIG has noted that investors in independent marketplaces are “perpetually petrified of competition from Amazon, Facebook, and Google.” After reviewing the data, however, they concluded that “investor concerns are largely unwarranted.”
długotrwały
long-standing
Going big on services could also jeopardise SE’s long-standing and successful partnerships with software giants such as Google and Microsoft.
stealth
ukryty, podstępny, chytry
Rich-guy ballcaps radiate a stealth wealth that reflects a larger truth about how the affluent dress today. The look expresses “the idea that really wealthy people don’t need to display their wealth” to the general public, said Kyle Stevens, 42, a film and TV professor at Appalachian State University in Boone, N.C., who took note of Mitch Kessler’s opulent cap while bingeing “The Morning Show.”
zyskać uznanie,
to gain traction
Long term, Tesla is likely to lose ground in China to domestic competitors, industry analysts say. Earlier this year, Morgan Stanley analysts forecast that Tesla would make up roughly 15% of China’s all-electric vehicle market this year but that this would fall below 7% by 2030 as homegrown companies gain traction.
pesky
dokuczliwy, natrętny, nieznośny
As mentioned in chapter 5, in earlier times and under less scrutiny, Amazon would likely have been able to eliminate this apparent anomaly by simply buying Wayfair and Chewy as it did Diapers.com, Zappos, and other pesky vertical leaders.
endearing
ujmujący, uroczy
On a team of big personalities, he was a quiet, relentless grinder—an endearing fan favorite.
to bill
ogłaszać, afiszować
The festivities are set to take place at Salt7, which bills itself as an upscale steakhouse that pulls double duty as a nightclub.
hub and spoke
system piasty i szprych
being or relating to a system of routing air traffic in which a major airport serves as a central point for coordinating flights to and from other airports
Law firm Greenberg Traurig decided to give up one of its four floors as it moved to a “hub and spoke” approach, in which the main offices in the tower are supplemented by four satellite sites near employees’ homes in the New York region.
a sign that the company is exceeding growth plans
to hit a ceiling
Yet in a recent survey of roughly 1,600 Chinese consumers, Tesla ranked among the top auto brands to avoid, signaling that the company could be hitting a ceiling on market share, Bernstein Research analysts said.
sklecać naprędce
to cobble together
“This is not quite a put-up job, but nonetheless has been cobbled together so that Ghislaine is made to face the charges that Epstein never faced,” her brother, Ian Maxwell, told the Associated Press.
straty uboczne, przypadkowe szkody; straty wśród ludności cywilnej po ataku militarnym
collateral damage
The rulers of this new global order are the early platform investors and the visionary entrepreneurs they back. Those who join them have a chance of survival. All the rest are collateral damage.
po czyjejś stronie, z czyjejś strony
on somebody’s end
“When you first realize things aren’t working, you think it’s on your end, so you start tearing out your router and looking at your connections in the house,” said Mr. Danto, a tech specialist in Millburn, N.J.
zaproponować
to proffer
To suggest otherwise—that is, to proffer a simple unitary all-encompassing platform-driven basis for their success—is reminiscent of a particular sleight of hand favored by media moguls: if you only count the hits, inherently risky businesses suddenly seem invincible.
in due course
we właściwym czasie; docelowo
“In due course, we expect colleagues to be working two to three days per week at the audited entity site, one day in the office, and one to two days at home,” she said.
to diss
obrazić kogoś
He takes a drag of the cigar and seems immediately pacified, so I tell him that I was a Chicago Bulls fan even though I grew up in Virginia Beach, hoping to break the ice. “Sounds original,” he says dryly. Dennis Rodman just dissed me, and I’m choosing to take this as a sign that the cigar has him su ciently relaxed.
ograniczać, paraliżować
to hamstring
Apple has a healthy 11% market share in China. But another Western tech giant, Microsoft Corp., which first opened a China office in 1992, now finds itself hamstrung by the country’s nationalism in areas such as cloud storage.
drażliwy punkt, drażliwy temat
sore point
A sore point for local rivals of Tesla is a government policy aimed at encouraging auto makers to produce more electric vehicles. Companies that don’t build enough must purchase credits from those that do. Tesla has been one of the chief beneficiaries of this rule.
niezależnie od
notwithstanding
Notwithstanding the performance of online automotive commerce, a wide range of other “marketplace” businesses have managed to not only grow but thrive either in the shadow of Amazon or where actual or potential competition from Amazon is not a meaningful driver of economics.
oczywisty, widoczny; pozorny
apparent
As mentioned in chapter 5, in earlier times and under less scrutiny, Amazon would likely have been able to eliminate this apparent anomaly by simply buying Wayfair and Chewy as it did Diapers.com, Zappos, and other pesky vertical leaders.
nagły upadek, nagła porażka
flameout
A disproportionate number of the earliest dot-com flameouts—names like Pets.com, Kozmo, Boo.com, and Webvan—were e-commerce companies. These elicit some nostalgia for those of us who lived through the first internet boom but likely cause recurring nightmares for some of the biggest names in venture capital who actually backed them.
służyć również jako coś
to do double duty as something
The festivities are set to take place at Salt7, which bills itself as an upscale steakhouse that pulls double duty as a nightclub.
footprint
zakres działalności, obecność, pozycja
“We can leverage and go faster because of the existing [factory] footprint that we have,” GM Chief Executive Mary Barra said Thursday during an event hosted by the Automotive Press Association.
zawłaszczać
to appropriate
A photo of the slide continues to circulate widely online today, and slightly modified versions have been extensively appropriated by technology bankers and consultants trying to shock potential clients into engagement.
wrath
gniew
It has drawn wrath from domestic rivals over what they see as preferential treatment, suffers criticism of its vehicle quality from drivers and Chinese officials, and has been caught up in the government’s sweeping crackdown on big tech.
heading
tytuł, nagłówek
A slide presented at an IBM for Entrepreneurs event in 2015 perfectly captured this zeitgeist and immediately went viral. Under the heading “The Digital Disruption Has Already Happened,” IBM’s leading executive for startups shared a list of eight massive sectors of the economy that have come to be dominated by platforms.
to tap
zdobywać (np. nowy rynek)
Casper, in bedding, tapped the public markets just before the full force of the pandemic was felt and lost 75 percent of its value in the first month—but managed to regain at least some of its IPO price by year end.
of note
wart zauważenia
Which is why his time in San Antonio was such an uneasy fit. Of note was his frontcourt running mate David Robinson, the all-star center, who didn’t play with the kind of toughness Dennis was accustomed to coming from Detroit, where they manhandled opponents and were prepared to win both the game and the ensuing fistfight.
