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This reminds me of a story I read before. A man approached the salesman upon seeing various colors of different fishing lures being on display. He asked whethe
by netwanderer3 7y ago
This reminds me of a story I read before.
A man approached the salesman upon seeing various colors of different fishing lures being on display. He asked whether those different colors actually work in attracting and catching fishes. The salesman promptly replied "Mister, I'm not selling these to fishes."
If these people are targeting VC money, they don't care if their products actually help solving problems for end consumers (aka the fishes), they just need to know what triggers the VC to invest. Even Masayoshi Son, the head of SoftBank, has lost $130 million in Bitcoin after listening to pitches from those crypto startup CEOs. This is how most businesses fail but hey at least it keeps the money flowing.
Those VC operate based on the principle in which if you throw enough spaghetti onto a wall, even though most will fall off but a few are always bound to stick.
Believe me, nobody knows anything in advance and everything is purely a game of chance, but once somebody gets lucky they can immediately declare themselves as the expert. They start selling books and everyone else would rush out to buy and follow exactly the same steps only to find out most of it just don't work. This same cycle just keeps repeating itself over and over again. Why? The market is not static, it constantly moves and changes around so you are already way behind by the time you apply those same strategies. Plus your personal life and connections are completely different than the other person's so you can't realistically expect the same results.
It's still necessary to learn what has worked because new levels are always built on top of the old ones. But this demonstrates why mathematics, or the rule of randomness, is a universal language that governs everything in our life.
- jmkni 7y agoThe Simpsons has a great gag where Homer buys Lisa’s stupid rock - https://m.youtube.com/watch?v=g3U6IUMTDHY https://m.youtube.com/watch?v=g3U6IUMTDHY