> so why did he do it? This is the most interesting question, which the article doesn't answer.
He inherited a business, took it down market, which was lucrative, but could have back-fired.
Maybe he did it because he's not very smart?
A man who destroyed his multimillion dollar company in 10 seconds (2018)
361–370 of 499 posts
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#362Earlier quoted context omitted.
Happiness is relative to expectation. Most people reading this will never feel extreme hunger and have all their material needs met forever, but they will probably also go through things that to them, feel like miserable failures. You might even be forced to leave your cushy jobs and take an annual salary that is what 50 African laborers make in year. And it will possibly take years, maybe well over a decade, to live…
Zoom out from specific circumstances and it seems like human misery is fairly constant. Whether you're scrambling around the forest looking for berries and killing things to eat with pointy sticks or working an office job living in a suburb – I don't really think your emotional experience really changes all that much. I think your misery and delight are driven by the best and worst things in your life and it doesn't…
Not quite.
The misery in human condition can be correlated to the number of problem(s) one is dealing with at any given time.
Hunter gatherers dealy with a very distrete problem: no food. That may seem distressing, but its a straightforward problem to solve.
You can see that misery is not the same, when the rate of suicide and addiction is vastly greater today than it is in primitive societies.
And to make my point, I leave you with an ancient chinese proverb:
No food. One problem. Have food. Many problems.
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#363Earlier quoted context omitted.
Yes, let's all cheer on the guy who has open disdain for his customers. I wonder what he calls his health club customers behind closed doors.
Probably similar to what Mark Zuckerberg called people who trusted him with their data :) https://www.businessinsider.com/embarrassing-and-damaging-zu... ZUCK: yea so if you ever need info about anyone at harvard ZUCK: just ask ZUCK: i have over 4000 emails, pictures, addresses, sns FRIEND: what!? how'd you manage that one? ZUCK: people just submitted it ZUCK: i don't know why ZUCK: they "trust me" ZUCK: dumb fucks
He was 19.
This is a stupid meme that always gets posted.
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#364Earlier quoted context omitted.
At the time Ratners already owned Kay and Jared... I think “destroying” the company is a bit overstated/exaggerated. The company itself came out just fine. They still own Jared and Kay, and Zales more recently.
Destroying the brand then? That seems more accurate.
Sounds like a very strategic move. If he already owns two of the leading more expensive jewelry stores, why not destroy a cheaper brand?
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#365Earlier quoted context omitted.
I'm having trouble deciding whether or not you are being serious. Yes, technically, the word "incredible" originally meant "not credible." However, in common usage, it simply means, "very good."
I don't see why you would suspect them of not being serious. Not everyone on this site is a native English speaker. I know when I was first learning English I'd get tripped up by things like awful and awesome, terrific and terrible, being the only one left after your friend has left, turning the alarm off after it goes off, and so on. Plenty of things in the English language that can look like the opposite of what th…
knicholes is from Utah.
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#366Earlier quoted context omitted.
I've never had a bus service as bad as Ryanair. You get WiFi, and it's usually to & from downtown, it is cramped but reasonable, and the customer/business relationship usually dies not feel adversarial.
Come to the US and ride a Greyhound then.
That's a bit presumptious, isn't it. Half my experience is on Greyhound, and a couple of years ago they started using a new bus fleet with more legroom, wifi, leather-ish seats, plugs at all seats.
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#367Earlier quoted context omitted.
No eventually it would flip - it happens all the time. It's just this time the boss of the company laid down the final piece so it sticks in the mind
The re-branded company he was forced out of is now the largest diamond retailer in the world- so I'd say that the problem was him and his mouth, not an inevitable flip in fortune.
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Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#368Earlier quoted context omitted.
Yes, let's all cheer on the guy who has open disdain for his customers. I wonder what he calls his health club customers behind closed doors.
Probably similar to what Mark Zuckerberg called people who trusted him with their data :) https://www.businessinsider.com/embarrassing-and-damaging-zu... ZUCK: yea so if you ever need info about anyone at harvard ZUCK: just ask ZUCK: i have over 4000 emails, pictures, addresses, sns FRIEND: what!? how'd you manage that one? ZUCK: people just submitted it ZUCK: i don't know why ZUCK: they "trust me" ZUCK: dumb fucks
I doubt almost anyone on HN is squeaky clean with what they said and wrote as a teenager.
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#369This 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…
Rolex is an interesting example, because their value is actually based on utility, not style. People actually (used to) wear them a mile under the sea, measure oxygen with them while diving etc. You can’t trust a Timex with your life, but a Rolex you can. That establishes baseline value, like a finely crafted Japanese chef knife. My dinner won’t taste any better, but the tool I’m holding is valuable to the people who know their stuff.
Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)
#370Earlier quoted context omitted.
Yes, let's all cheer on the guy who has open disdain for his customers. I wonder what he calls his health club customers behind closed doors.
Probably similar to what Mark Zuckerberg called people who trusted him with their data :) https://www.businessinsider.com/embarrassing-and-damaging-zu... ZUCK: yea so if you ever need info about anyone at harvard ZUCK: just ask ZUCK: i have over 4000 emails, pictures, addresses, sns FRIEND: what!? how'd you manage that one? ZUCK: people just submitted it ZUCK: i don't know why ZUCK: they "trust me" ZUCK: dumb fucks
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