This would only be true in scalable professions like software.
It's interesting he uses a chef as an example because I think its an example that proves his point incorrect. You will still be an extremely profitable restaurant if you have a chef 96% as good as the best chef in the area. That's because chefs and restaurants aren't scalable. The best chef can't service everyone unlike, say, the best software provider.
It's interesting he uses a chef as an example because I think its an example that proves his point incorrect. You will still be an extremely profitable restaurant if you have a chef 96% as good as the best chef in the area. That's because chefs and restaurants aren't scalable. The best chef can't service everyone unlike, say, the best software provider.