8 ms·

It's not binary. There's a whole range types of people, situations and forces at play. Not all are sophisticated, not all are dumb and probably are reacting t

It's not binary. There's a whole range types of people, situations and forces at play. Not all are sophisticated, not all are dumb and probably are reacting to emotional forces that we aren't aware of. I frequently read stories on this site about how it's dumb to have your whole business dependent upon Facebook. Maybe depending entirely on Costco is equally a bad idea. Perhaps more so since there are massive loans involved. EDIT: From the article: "Bringing the boys back to the farm is huge for me," Mueller says. "I'm not a big enough farmer to where another family could farm and do corn and soybeans and survive. This way they can." At least in this one case there are non-sophisticated financial forces at play. Patio11's comment is not apt.

austenallred 9y ago
> At least in this one case there are non-sophisticated financial forces at play. I'm not convinced that's a fair assumption. Everyone has reasons they'd like to make more money and some vague idea of what they'd do if they were more wealthy. Acknowledging that you want your business to be successful because x doesn't necessarily indicate that a decision making process is irrational or unsophisticated.
- yequalsx 9y ago
  I'd say that a major part in his deciding to take $6 million in loans and signing an exclusive contract with Costco has to do with emotion and not purely financial reasons. It may be a good decision but at least part of the decision making was not for sophisticated financial reasons.
  - austenallred 9y ago
    I think it's silly to assume that's the case. You could very well be right, but there's no way to make that anything more than an assumption based on the article.
    - yequalsx 9y ago
      Well the man in the article talked about how important it was for him to bring his boys home. That is provide an environment where he sees them at home with a future in farming. It's what he said. Emotion is a huge part of business decisions for most people. It's rare for someone to disassociate their emotions from the transaction. This is well known.

austenallred 9y ago

> At least in this one case there are non-sophisticated financial forces at play. I'm not convinced that's a fair assumption. Everyone has reasons they'd like to make more money and some vague idea of what they'd do if they were more wealthy. Acknowledging that you want your business to be successful because x doesn't necessarily indicate that a decision making process is irrational or unsophisticated.

yequalsx 9y ago
I'd say that a major part in his deciding to take $6 million in loans and signing an exclusive contract with Costco has to do with emotion and not purely financial reasons. It may be a good decision but at least part of the decision making was not for sophisticated financial reasons.
- austenallred 9y ago
  I think it's silly to assume that's the case. You could very well be right, but there's no way to make that anything more than an assumption based on the article.
  - yequalsx 9y ago
    Well the man in the article talked about how important it was for him to bring his boys home. That is provide an environment where he sees them at home with a future in farming. It's what he said. Emotion is a huge part of business decisions for most people. It's rare for someone to disassociate their emotions from the transaction. This is well known.