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Buy the Table Stakes, Build the Machine

Why transparency doesn't kill margin, why "want" is the real currency, and why the durable edge is no longer a product — it's the R&D shop that makes them

Joel Proctor's avatar
Joel Proctor
Jun 19, 2026
∙ Paid

1. The transparency paradox

There’s a comfortable story we tell about markets: transparency is good for everyone. Show the buyer the real price, the real quality, the real terms, and the market gets f…

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