‘The Brand Age’

Paul Graham:

So when you have a world defined only by brand, it’s going to be a weird, bad world.

Graham’s thoughtful essay focuses on the mechanical watch industry. But I disagree with his conclusion. I think the market for mechanical watches has never been more fun or vibrant than it is today. The action, for me at least, isn’t with the high-end luxury Swiss brands. It’s with the indies, from companies like Baltic and Halios.

It’s also interesting to ponder Graham’s essay in the context of other industries. I think it’s self evident that the entire market for phones — the most popular and lucrative consumer devices in the world — is defined by a single brand, and every competitor just copies that one brand with varying degrees of shamelessness. That’s bad and weird.

★ Monday, 30 March 2026