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A man who destroyed his multimillion dollar company in 10 seconds (2018)

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Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#171

Post by Ma8ee »

pmiller2 wrote: post #51
Ididntdothis wrote: post #42

Earlier quoted context omitted.

I never understood why Lewinsky got ridiculed that much. If anything she was a victim in the whole thing. Or am I missing something?

She is a woman who spoke out about sexual harassment in the 90s. That’s how women got treated then. Take a look at the treatment Anita Hill and Paula Jones got sometime.

How was that sexual harassment. She had sex with Bill because she was attracted to him. It’s not sexual harassment just because a man with power has sex with a younger woman.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#172

Post by dantheman »

isostatic wrote: post #154
fortran77 wrote: post #142

Earlier quoted context omitted.

I agree. Fellow "cheapskates" who just want to get from Dublin to Edinburgh on a cheap flight probably admire his thrift.

Such cheap flights are possible because the airlines aren’t paying the externalities they cause. Ryanair don’t fly to London btw. Or Brussels.

What externalities are they not paying for that other airlines are? Or is this a complain against all airlines?

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#173

Post by lonelappde »

sudhirj wrote: post #8

This is really applicable to any products that are valued based on their marketing efforts instead of intrinsic value or utility. Costume jewellery, designer clothes, some kinds of art, all derive their value from the story the creators tell. The most expensive art seems to be that which has the most thoroughly verified, or at least the most believable story. I like to think I’d prefer Apple products over the competi…

Costume jewelry is cheap. Real jewelry is overpriced because of the marketing around gemstones.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#174

Post by w1nst0nsm1th »

sudhirj wrote: post #8

This is really applicable to any products that are valued based on their marketing efforts instead of intrinsic value or utility. Costume jewellery, designer clothes, some kinds of art, all derive their value from the story the creators tell. The most expensive art seems to be that which has the most thoroughly verified, or at least the most believable story. I like to think I’d prefer Apple products over the competi…

You also buy Apple products for the software, not only for the hardware.

Comparing a windows laptop with highier specs with a macbook is like to compare a stupid blonde with big tits with a smart, classy and well tempered brunette. The cover is flashier and catch the attention on first sight but it's a burden to live with on a daily basis.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#175

Post by jdietrich »

isostatic wrote: post #154
fortran77 wrote: post #142

Earlier quoted context omitted.

I agree. Fellow "cheapskates" who just want to get from Dublin to Edinburgh on a cheap flight probably admire his thrift.

Such cheap flights are possible because the airlines aren’t paying the externalities they cause. Ryanair don’t fly to London btw. Or Brussels.

They don't serve that route, but they do fly from three airports in London (Gatwick, Stansted and Luton) and from Brussels.

https://www.ryanair.com/gb/en/cheap-flight-destinations

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#176

Post by tyingq »

amyjess wrote: post #148
tyingq wrote: post #33

Earlier quoted context omitted.

Diamonds, especially the recent craze around discolored ones might be a good comparison. They are valuable mostly because of years of shrewd marketing. If DeBeers started telling the truth, they could drop in value pretty quickly.

Several years ago, my mom ran low on money, so she decided to sell her old wedding ring. She hadn't worn it for years because she and my dad got divorced long ago, so she figured she'd at least get some liquid cash by selling it. The first shop she took it to offered a little under 10% of what it cost. She thought the shop was trying to scam her, so she went to a bunch of other shops, and they all offered less . So s…

Now I'm curious what the pawn shop sold it for. $5k maybe?

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#177

Post by HnSpectre »

seem_2211 wrote: post #139
sudhirj wrote: post #8

This is really applicable to any products that are valued based on their marketing efforts instead of intrinsic value or utility. Costume jewellery, designer clothes, some kinds of art, all derive their value from the story the creators tell. The most expensive art seems to be that which has the most thoroughly verified, or at least the most believable story. I like to think I’d prefer Apple products over the competi…

Price, value and practical utility are not really correlated. A Rolex and a Timex will both tell you the time. An iPhone and a $129 Android will do mostly similar things. A Toyota Camry and a Porsche will both get you to work. But practical utility and value aren't necessarily the most important thing. Apple intuitively understood this, at a time when other computer companies didn't. Lots of people look at a Macbook…

> Price, value and practical utility are not really correlated.

For people interested in reading further, Marx's Capital is excellent at defining these terms very precisely:

https://en.wikipedia.org/wiki/Labor_theory_of_value https://en.wikipedia.org/wiki/Use_value https://en.wikipedia.org/wiki/Exchange_value

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#178

Post by hodgesrm »

blackflame7000 wrote: post #150
downandout wrote: post #143

Earlier quoted context omitted.

He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an aircraft to crash. That image will keep them going right up until they have a fatal crash, at which point the press, the government, and victims’ attorneys will use every word he has ever said about being cheap to crucify him and the company. Given their volume of flights, a fatal crash is statistical…

They've never had a major crash in almost 35 years. Other budget airlines with few customer perks like southwest have survived crashes with a less stellar safety record.

Which Southwest crashes are you thinking about? They have never lost a passenger in a crash, though one person on the ground was killed in Chicago. There have been two accidental passenger deaths. One was due to engine failure, not a crash, and the other was a passenger who tried to get into the cockpit and died after being restrained.

https://en.wikipedia.org/wiki/Southwest_Airlines#Accidents_a...

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#179

Post by crispyporkbites »

andrepd wrote: post #168
isostatic wrote: post #154

Earlier quoted context omitted.

Such cheap flights are possible because the airlines aren’t paying the externalities they cause. Ryanair don’t fly to London btw. Or Brussels.

They do, to Stanstead and Luton.

Stanstead and Luton are 30-40 miles from London

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#180

Post by 7952 »

jdietrich wrote: post #175
isostatic wrote: post #154

Earlier quoted context omitted.

Such cheap flights are possible because the airlines aren’t paying the externalities they cause. Ryanair don’t fly to London btw. Or Brussels.

They don't serve that route, but they do fly from three airports in London (Gatwick, Stansted and Luton) and from Brussels. https://www.ryanair.com/gb/en/cheap-flight-destinations

None of those airports are actually in London.
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