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A small slice sets the price: what changed in v1.2.0

From v1.1.0 (2026-10-20, f1708db9b) to v1.2.0 (2026-10-20, b4ec6e4e4), paragraph by paragraph.

0 paragraphs added, 0 removed, 1 changed in place, 49 unchanged. About 0 words added and 3 removed. Insertions are marked like this, deletions like this; unchanged runs are folded to one line; figures appear as their file names.

← v1.1.0 · all versions

39 unchanged paragraphs, under In short {#in-short}, What was nagging me {#question}, What was actually sold {#sold}…

The numbers are notprices, invented;and they are prices. Itthis is a market. The price of a company is what the buyers of its next slice are willing to pay, and in 2026 there is a great deal of money willing to pay a great deal for a small slice of the companies at the centre of the most important technology of the moment.

10 unchanged paragraphs, under What this does not claim {#limits}, Where this comes from {#sources}

← v1.1.0 · all versions