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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)

#301

Post by dymk »

Traster wrote: post #286
cryptozeus wrote: post #248

Kudos to the guy for bouncing back though !! “After losing everything, he toiled in misery for years — but he eventually made an improbable comeback. In 1997, he took out a £155k (US$203k) loan on his house, built up a health club business, and sold it for £3.9m (US$5.1m). He then used the profits to start an online jewelry company. (The Ratners Group rebranded as Signet in 1993; today, it is the largest diamond reta…

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.

He had distain for his product, not his customers. Self deprecation isn’t the same as insulting others.

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

#302

Post by Izkata »

mytailorisrich wrote: post #227
Izkata wrote: post #220

The speech was in April, and there was an impact from it, but on the chart the stock didn't start plummeting until September. What's the real story?

The chart shows a 20% drop within 2 weeks.

But only after gaining immediately prior to that, after having already started a slow tumble a month before. That April spike looks like an outlier gain during a slow, 4-month decline (March through June).

Over in September and October however, it suddenly dropped about 45% in about 4 weeks, after having nearly stabilized, and then dropped 60% over November. It absolutely didn't start plummeting until months after he made these jokes.

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

#303

Post by paulmd »

colechristensen wrote: post #292
asdfman123 wrote: post #287

Earlier 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…

Spoken like someone who can't comprehend living hand to mouth.

Happiness is definitely a hockey-stick shaped curve, going from 1M to 10M is not going to make you happier, but someone who is making $100k is going to be far far happier than someone making $20k. The difference between scrabbling to pay your bills and keep the heat on, vs actually having some savings and free money for recreation, is absolutely massive.

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

#305

Post by lutorm »

chosenbreed37 wrote: post #298
Smithalicious wrote: post #283

Earlier quoted context omitted.

Whether or not he toiled in misery is independent of how much money he had. It only depends on whether he toiled, and whether he was miserable doing so.

Indeed. And I dare say living in a million dollar house is not so comforting if you've just forfeited $125m worth of profits year on year :-)

What happened to diversification??

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

#306

Post by imulligan »

EGreg wrote: post #290
Traster wrote: post #286

Earlier 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

TY for Posting truths

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

#307

Post by imulligan »

catacombs wrote: post #272
fortran77 wrote: post #253

Earlier quoted context omitted.

and maybe it's true that some styles of clothing are "not for everyone"

Yes, especially for those who can't spend $100+ on yoga pants.

The human mind is easily persuaded

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

#308

Post by Aeolun »

paulmd wrote: post #303
colechristensen wrote: post #292

Earlier quoted context omitted.

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…

Spoken like someone who can't comprehend living hand to mouth. Happiness is definitely a hockey-stick shaped curve, going from 1M to 10M is not going to make you happier, but someone who is making $100k is going to be far far happier than someone making $20k. The difference between scrabbling to pay your bills and keep the heat on, vs actually having some savings and free money for recreation, is absolutely massive.

I’m not so certain about that actually, I’ve certainly seen people making $20k that had more free money and recreation time than some people making $100k. Especially as regards recreation time.

To be fair, making $20k was almost always a choice in those cases.

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

#309

Post by fnord123 »

sharadov wrote: post #237
fortran77 wrote: post #114

The modern examples cited weren't nearly as bad: - Lulumon didn't seem to be hurt by Chip Wilson. In fact, the "notoriety" made me aware they they sold men's clothes, too, and I went there and bought some great athletic wear. - Many customers appreciated Barclays' warning not to "pile up debts." That would give me a favorable opinion of a company that offers lines of credit, not a bad one.

Lululemon is genius, their quality is great, but the branding is even better! They revolutionized the exercise wear industry, were single-handedly responsible for "athleisure" and killing denim sales!

>were single-handedly responsible for "athleisure"

Pretty sure that was Nike, Adidas, and Puma.

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

#310

Post by gingabriska »

mikeash wrote: post #123
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?

Our culture still (and even more so a couple of decades ago) has a strong undercurrent of hating sluts and loving studs. This is where men are expected and encouraged to “conquer” many women and women are expected to resist it. The following is how it gets interpreted by a lot of people and has no connection whatsoever to my own opinions of these two people: Clinton having an affair with an intern was seen as bad bec…

>Our culture still (and even more so a couple of decades ago) has a strong undercurrent of hating sluts and loving studs.

That's changing, it's now no shame for a woman to have multiple partners or one night stands, everyone's on tinder.

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