Earlier quoted context omitted.
As usual its just how much money you put in to it. We spend a lot of money making sure building foundations and silicon manufacturing works because failing is expensive and dangerous. I don't want to pay double/triple price for a toaster to slightly reduce its risk of failing because I'm happy to accept that on average it lasts a long time but there is some chance it fails sooner. If I'm in charge of buying a $100M b…
There’s a lot of stuff that works remarkably well even though it’s cheap. I just came from a supermarket. It’s filled with items from around the world, of which most are very inexpensive. The consistent quality of these products is astounding—a bag of potato chips or a box of crackers tastes exactly the same, anywhere in the country where I buy it, year-round. A can of Coca-Cola tastes exactly the same even though th…
Why is it hard to buy things that work well?
81–90 of 542 posts
Re: Why is it hard to buy things that work well?
#82I always enjoy danluu's blog; one of the few I have bookmarked and go randomly read from time to time. Some random comments on out-of-context snippets: > For example, we tried "buy" instead of "build" for a product that syncs data from Postgres to Snowflake. ... Despite being widely recommended and the leading product in the space, the product has a number of major design flaws that mean that it literally cannot work…
> having ever locked down was stupid, we were always going to end up with endemic covid COVID lock down/shelter in place orders were never intended to avoid endemic disease altogether. They were about slowing down its spread just enough that the healthcare system would remain functional while the disease became endemic. And they mostly worked OK for that.
It was the public health equivalent of "take two asprin and call in the morning". While there were successes for sure, clear and consistent communication was not among them.
Re: Why is it hard to buy things that work well?
#83Earlier quoted context omitted.
As usual its just how much money you put in to it. We spend a lot of money making sure building foundations and silicon manufacturing works because failing is expensive and dangerous. I don't want to pay double/triple price for a toaster to slightly reduce its risk of failing because I'm happy to accept that on average it lasts a long time but there is some chance it fails sooner. If I'm in charge of buying a $100M b…
There’s a lot of stuff that works remarkably well even though it’s cheap. I just came from a supermarket. It’s filled with items from around the world, of which most are very inexpensive. The consistent quality of these products is astounding—a bag of potato chips or a box of crackers tastes exactly the same, anywhere in the country where I buy it, year-round. A can of Coca-Cola tastes exactly the same even though th…
Re: Why is it hard to buy things that work well?
#84If you chop a 10 huge trees down in a forest, an economist would tell you "There should be 10 300-year old trees here". That may be true in 300 years, but the procession of species in the 300-year interim will be much more interesting, and understanding that tells you much more about ecology than knowing the eventual result. And the forest may not last 300 years before conditions change so significantly that it invalidates the prediction.
Similarly, the efficient markets hypothesis really breaks down in the modern era, because market conditions don't ever experience an unperturbed steady state. Technology, politics, availability of expertise, and shifting social norms rearrange the foundations more frequently so equilibrium is never reached.
Any long-term theoretical predictions on quality or efficiency of CRT monitors or horseshoes or fondue pots converging to an efficient ideal state were nonsensical and doomed from the start: the market conditions around them changed faster than the market is able to adapt.
Re: Why is it hard to buy things that work well?
#85Earlier quoted context omitted.
As usual its just how much money you put in to it. We spend a lot of money making sure building foundations and silicon manufacturing works because failing is expensive and dangerous. I don't want to pay double/triple price for a toaster to slightly reduce its risk of failing because I'm happy to accept that on average it lasts a long time but there is some chance it fails sooner. If I'm in charge of buying a $100M b…
There’s a lot of stuff that works remarkably well even though it’s cheap. I just came from a supermarket. It’s filled with items from around the world, of which most are very inexpensive. The consistent quality of these products is astounding—a bag of potato chips or a box of crackers tastes exactly the same, anywhere in the country where I buy it, year-round. A can of Coca-Cola tastes exactly the same even though th…
And for kitchenware and dinningware, we still get decent quality for a still rather cheap price. Of course as the article stated it's not easy to determine which one with decent quality, however if customers only aim for the cheapest one of course it won't be good.
Re: Why is it hard to buy things that work well?
#86Because we have unreasonable expectations. Making things work well is hard, and thus expensive. Take a chair, for example. Anyone can make a chair: just get a bucket, turn it over, and sit on it. Boom; backless chair. Want a backrest, arms? Get a 2x4, a saw, a drill, and some bolts. An hour later: Boom; chair. You want a chair that works well? How do you even define works well for a chair? Do you need cushioning? Do…
an aeron chair costs about $2000 dollars (give or take). The construction is sturdy, so i expect it to last at least 10 years, if not 20 (you take care of it etc). So the amortized cost is some 100-200 dollars a year for an excellent chair. If you buy a crappy chair, i bet that the cushion starts failing after a year or so of constant sitting. So you'd probably replace it yearly, or suffer a bad chair for a few years…
Re: Why is it hard to buy things that work well?
#87Looking through old Sears catalogs and seeing the prizes on older game shows, I think some of our memory is selective. Even in photos and SD video you can see the terrible build quality on many consumer products from those earlier times. This seems to be especially true for furniture and exercise equipment. When you convert into current dollars, this low quality junk often is more expensive than what is available tod…
In other words, 90% of everything is crap, both then and now. And thanks to Lindy's Law, you're usually better off buying something old than something new. But that's not how most people think :( https://en.wikipedia.org/wiki/Lindy_effect
Makes sense!
I was also thinking there's a related rule - something worth buying used has proven itself to not be crap.
Re: Why is it hard to buy things that work well?
#88I will note that I often wish Dan Luu was a bit less apparently-uniformly-confident in some of the statements he writes. He does back up what he says, but he'll use the same tone for something he's seen anecdotally and something he's spent a month personally investigating.
Re: Why is it hard to buy things that work well?
#89Earlier quoted context omitted.
Not every customer can assess the quality of a product. I can judge the quality of a violin, but I can't tell you how long the compressor in a refrigerator will last.
This is why the only signal that customers used to have got removed - a refrigerator that had the same design and components for twenty years is likely well made (if it weren’t people would have found out or changed the parts). But these are rare (one of the few I know of is Speed Queen but I suspect there are others in other industries, mainly commercial/industrial products). Amusingly enough these work best when in…
There are a multitude of reasons, companies no longer make products to last. Watch videos where they dissect products, you'll find machines are designed to fail after a certain amount of time. Motors that only contain a certain amount of oil and cannot be serviced.
Re: Why is it hard to buy things that work well?
#90Earlier quoted context omitted.
There’s a lot of stuff that works remarkably well even though it’s cheap. I just came from a supermarket. It’s filled with items from around the world, of which most are very inexpensive. The consistent quality of these products is astounding—a bag of potato chips or a box of crackers tastes exactly the same, anywhere in the country where I buy it, year-round. A can of Coca-Cola tastes exactly the same even though th…
A bit of a woo-woo aside but I've been trying to practice more gratitude thinking in my daily life and the grocery store is an easy place to be reminded of how good we have it.
Grocery stores are a marvel for sure. It's a miracle that we can get a season fruit like grapes 365 days a year.