Ben and James discuss the mistakes made by Zenefits, when to challenge regulation, and the problem with short-term thinking. This podcast was recorded before the Apple/FBI news broke; we currently plan to cover that next week. Links Ben Thompson: Fidelity Reprices Again \u2014 Stratechery Daily Update Ben Thompson: Zenefits and Regulation \u2014 Stratechery Ben Thompson: Follow-up to The Reality of Missing Out \u2014 Stratechery Daily Update James Allworth: High Frequency Trading and Finance\u2019s Race to Irrelevance \u2014 Harvard Business Review Here is the letter the world\u2019s largest investor, BlackRock CEO Larry Fink, just sent to CEOs everywhere \u2014 Business Insider \u2026 Continue reading Episode 067 \u2014 Weighing and Voting