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Whenever there is a market fad/phenomena with low or no barriers and a flood of entrants—the best strategy is often: Be the arms dealer. The lowest profile pla
by adontz 8y ago
Whenever there is a market fad/phenomena with low or no barriers and a flood of entrants—the best strategy is often: Be the arms dealer.
The lowest profile players in high-profile, low-barrier industries are almost always the most profitable.
Don't sell wine, sell barrels.
Don't make movies, create animation software.
Don't own restaurants, build the restaurant supply company.
I ALWAYS KNEW IT!
- lasagnaphil 8y agoAll those cryptocurrency exchanges, they're the true winners of the nonsensical Bitcoin craze... And similarily, NVIDIA really profitted a lot from the deep learning boom by selling all those GPUs to datacenters at a high cost...
- SlowRobotAhead 8y ago>All those cryptocurrency exchanges, they're the true winners of the nonsensical Bitcoin craze... Absolutely! There are financial geniuses in the cryptocommodity game, but their business model has nothing at all to do with coin prices.
- robax 8y agoI learned a different version of this, especially relevant to those in the Bay Area. During a gold rush, don’t dig for gold, sell shovels!
- hinkley 8y agoThis aphorism is older than dirt. Often formulated in terms of the California Gold Rush: the only people who made money were the ones selling shovels and wheelbarrows.