91–94 of 94 posts
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You're thinking of Renaissance Capital, maybe, which is a different company AFAIK. I don't know anything about them except that they have a confusingly similar name to Simons' firm and that he does not appear associated.
No, I don't believe I am thinking of Renaissance Capital.
Earlier quoted context omitted.
I think the source is zero sum thinking and shallowness of thought. Amazon is profitable while they are not therefore it is Amazon stealing from them. There is a logic there that could be circumstantially correct but is loaded with fallacies and self-serving thinking. Naive economic intuition has proven shockingly bad - especially historically. It is one thing not to grok rate of returns or market direction or make p…
If goods have the same value everywhere, it would be impossible to make money transporting it because transportation costs would make the product cost more than it was worth to the manufacturer and seller.
The way to make money "easy" is to have a skill combined with an insight that most other people don't have, and work to exploit that ability for profit. For example, someone who is a good application developer but works in a dental office can identify what exactly is needed by that demographic, and how much they are willing to pay for it (thereby using their potentially "hobby" skill of programming to create that run…
I was always told to follow the rule that if you think of something that will make a ton of money, do some research, because someone has probably already thought of it and done it. If no one has, then your idea is probably flawed. It's the really small percentage of ideas that fit into neither category where you can make a lot of money, but that is incredibly small. Understand your probably of success before you star…
This is the worst reason to not start a business. Markets are often big enough for multiple companies and many billion dollar companies were started in a market with previous competition, then dominated them by being better.
First mover advantage is a myth. It's hardly an advantage. It's only a disadvantage when the market is already flooded with options and a 2-3 monopolies already exist with it.
>> A Maryland woman, Allyson Pippin, who sells slime , said she was about ready to scrap her product and start all over. I love how the author mentions this casually without any further context on why someone would think selling SLIME was a good idea in the first place. SLIME!
I am guessing you don’t have kids? :) Slime has been one of the most popular fads over the last few years. It even got to the point a while back that stores ran out of glue. I’d say now the fad has mostly run its course, though I still see kits for sale at Walmart. https://www.npr.org/2017/10/01/552422040/the-rise-of-the-sli...