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

thehustle.co

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

#211

Post by [deleted] »

eloff wrote: post #79
roland35 wrote: post #54

Earlier quoted context omitted.

Whenever there is a huge power mismatch in a relationship - that is generally not a situation where you can't say someone is not coerced in any way. Especially when the person in question is the president of the United States!

It's also generally not a situation where you can say someone was coerced in any way without knowing more details. They are two adults engaging in consensual activity. I seriously doubt she thought there would be negative consequences if she said no. More likely she thought she might stand to gain something if she went along with it, but that's hardly coercion. I don't know, I have somewhat different thinking about s…

[deleted]

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

#212

Post by fyfy18 »

crispyporkbites wrote: post #179
andrepd wrote: post #168

Earlier quoted context omitted.

They do, to Stanstead and Luton.

Stanstead and Luton are 30-40 miles from London

They are less than 1 hour by train, which is about the same as to Heathrow from Oxford Circus. In terms of passenger numbers they are the 4th (STN) and 5th (LTN) busiest airports in the UK, and 22nd and 35th in Europe.

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

#213

Post by zaphod4prez »

avip wrote: post #186
dantheman wrote: post #172

Earlier quoted context omitted.

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

He’s provably referring to ghg emissions, and sure no one pays that (it’s also not something we can conceivably pay for)

Cap and trade does in fact make it so that polluters pay for ghg emissions. Why do you say that we can't "conceivably pay for"?

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

#214

Post by LeifCarrotson »

PopeDotNinja wrote: post #207
seem_2211 wrote: post #139

Earlier quoted context omitted.

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…

> 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. If your priorities are telling time, having a smartphone, and commuting to work, I agree with you. But I think the more expensive products you mention offer things the cheaper products don't. For example, I'd rather have a Camry if I needed a family car…

Alternatively, you can make a Camry with the same quality and cover it with glitzy trim, market it as a luxury car, and sell it at a premium...which we call a Lexus.

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

#215

Post by Symbiote »

andyburke wrote: post #190
hodgesrm wrote: post #178

Earlier quoted context omitted.

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...

^^ this. Southwest has one of the best, if not the best, safety records of all major air carriers.

The point is that Ryanair is the best.

They are smaller than Southwest on most (not all) metrics, but in the same ballpark.

Their only accident is a bird strike causing 8 minor injuries.

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

#216

Post by mikedilger »

dumbfoundded wrote: post #21
krustyburger wrote: post #7

What kind of jewelry did people think they were getting for a few quid?

Of course, everyone who bought it already knew it was crap. It's the same thing for buying $15K engagement rings. Everyone knows it's a stupid use of money and that the rings have no value. Same goes for clothing, cars, and many other things. These types of products succeed because of a shared delusion. Take fashion for instance. Everyone believes some clothes are more fashionable than others. The way you dress says…

If I know it's crap, and you know it's crap, but I don't know that you know it's crap, I may think that it still works as a social signal. Once it becomes common knowledge, the jig is up.

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

#217

Post by seem_2211 »

LeifCarrotson wrote: post #214
PopeDotNinja wrote: post #207

Earlier quoted context omitted.

> 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. If your priorities are telling time, having a smartphone, and commuting to work, I agree with you. But I think the more expensive products you mention offer things the cheaper products don't. For example, I'd rather have a Camry if I needed a family car…

Alternatively, you can make a Camry with the same quality and cover it with glitzy trim, market it as a luxury car, and sell it at a premium...which we call a Lexus.

Well in fairness, Toyota tends to have a very good reputation, so this is hardly a scam.

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

#218

Post by hkmurakami »

notahacker wrote: post #191
jdietrich wrote: post #125

Michael O'Leary being incredibly rude is a key part of Ryanair's branding. If you're paying £19 for a two hour flight, you'll always have the sneaking suspicion that the airline is skimping on maintenance. O'Leary makes it absolutely clear that they save money by treating their passengers like cattle. He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an…

More straightforwardly, the reputation for being massive cheapskates gets its target market of people who don't care about airlines at all and just want a good deal knowing who they are and going straight to Ryanair.com to buy tickets when they need to fly. Which means that (i) they'll lookup the price and be upsold a package on Ryanair.com rather than finding the price and a different hotel deal on some other price…

(ii) and (iii) evokes parallels to amazon.

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

#219

Post by [deleted] »

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…

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