I’m not convinced. They describe it as the result of having a “preference for risk” but maybe they’re just seeking novel experiences? If they’re trying new things simply because they’re new, then their behavior offers no predictive power. There’s very little risk associated with buying a different flavor of soda :V
Established brands thrive on this as well. Frequently releasing unusual but ultimately not very good flavour variations because many people will buy it just to find out what vegemite flavoured chocolate tastes like.
Are you a “harbinger of failure”? (2015)
41–50 of 53 posts
Re: Are you a “harbinger of failure”? (2015)
#42I'm a harbinger of failure on the supply side. Whenever I join a company or new industry or make an investment or make a prediction, it does the exact opposite of what I anticipated because of some insane global event that has nothing to do with me. For example, I was working in a bootstrapped tech startup in online education industry which was delivering real value (really great product). But didn't really go anywhe…
Re: Are you a “harbinger of failure”? (2015)
#43I'm a harbinger of failure on the supply side. Whenever I join a company or new industry or make an investment or make a prediction, it does the exact opposite of what I anticipated because of some insane global event that has nothing to do with me. For example, I was working in a bootstrapped tech startup in online education industry which was delivering real value (really great product). But didn't really go anywhe…
Well, if you work for a publicly traded company, you could always spend part of your salary on put options on your employer.
BTW, Facebook reached out for an interview recently but I didn't follow through... So if someone reading this comment buys Facebook shares and makes a ton of money, please think of me and give me some free money.
Re: Are you a “harbinger of failure”? (2015)
#44A friend of mine who grew up in Spokane, WA told me that for some reason Spokane was regarded as the ideal product testing ground by big American corporations, and so he and his friends encountered a lot of weird products that never succeeded, and a few major ones that they saw years before everyone else. Anybody know if this is true?
I heard that story about Columbus, Ohio. I think “the industry” has a shortlist, though. https://www.columbusmonthly.com/article/20150126/LIFESTYLE/3...
Re: Are you a “harbinger of failure”? (2015)
#45Pebble, Nook, a bunch of Kickstarter stuff... Lumia 950. Also the Burger King "Big King" burger, the McDonalds chicken selects... and a few other items that I have forgotten about over the years... I dunno if that makes me "Harbinger of Failure", but its become clear that my consumer tastes are pretty niche. ------ At least I got "unsweet ice tea" right, lol. Seems like plenty of soda companies are making that now.
If it makes you feel better, I'm the only person I know of who still has a Microsoft Phone... running Windows 10!
Re: Are you a “harbinger of failure”? (2015)
#46A friend of mine who grew up in Spokane, WA told me that for some reason Spokane was regarded as the ideal product testing ground by big American corporations, and so he and his friends encountered a lot of weird products that never succeeded, and a few major ones that they saw years before everyone else. Anybody know if this is true?
I knew a guy there whose parents, sure enough, were giving data to several market research companies.
Re: Are you a “harbinger of failure”? (2015)
#47I have long called certain people "Oracles of Wrong". If they are the same people, they can also be counted upon to be wrong on any issue of substance. So, anytime there is a decision to be made, look to them, and choose the opposite. It is hard to be right all the time. Logically, it should be exactly, equally hard to be wrong all the time, but somehow more people achieve it. In any big group of people known to each…
Cipolla's first law of stupidity[1]:
Always and inevitably everyone underestimates the number of stupid individuals in circulation.
Re: Are you a “harbinger of failure”? (2015)
#48Pebble, Nook, a bunch of Kickstarter stuff... Lumia 950. Also the Burger King "Big King" burger, the McDonalds chicken selects... and a few other items that I have forgotten about over the years... I dunno if that makes me "Harbinger of Failure", but its become clear that my consumer tastes are pretty niche. ------ At least I got "unsweet ice tea" right, lol. Seems like plenty of soda companies are making that now.
I have no idea why there still isn't another eink smartwatch. It was such a wonderful piece of tech. Worked wonderfully, had days of battery life and, most importantly, non trivial and loyal customer base.
I agree though that Pebble was great and there's no true replacement yet.
Re: Are you a “harbinger of failure”? (2015)
#49I have long called certain people "Oracles of Wrong". If they are the same people, they can also be counted upon to be wrong on any issue of substance. So, anytime there is a decision to be made, look to them, and choose the opposite. It is hard to be right all the time. Logically, it should be exactly, equally hard to be wrong all the time, but somehow more people achieve it. In any big group of people known to each…
> Logically, it should be exactly, equally hard to be wrong all the time, but somehow more people achieve it. Cipolla's first law of stupidity[1]: Always and inevitably everyone underestimates the number of stupid individuals in circulation. [1] https://en.wikipedia.org/wiki/Carlo_M._Cipolla
Carlo himself, while he lived, welcomed re-publication. His heirs spit on his memory.
Re: Are you a “harbinger of failure”? (2015)
#50no
Let me expand on what I meant:
Leveraging consumer data (and marketing that process in a blog post) is an insidious affair. This article is just a rebranded, simplified version of a research paper. There are many other articles like it, and they intend to simplify and sensationalize (to the degree that they can argue plausible deniability) something outrageous.
This entire article; the webpage, the work of the author, the words the article is composed of, could easily be reduced to a simple statement: "People who are more willing to take a risk on an unusual product are more willing to take a risk in multiple categories." This such an obvious conclusion that the publisher of this article should be tried for conspiracy and fraud. A child could come to this realization.
This is clickbait, plain and simple. Furthermore, its insulting. I look forward to the day that those who publish these article lose their incentive to do so.