4 ms·
There's two dead companies in that title, and the only live one owns content. Fair point: in a rapidly shifting marketplace, owning the well / mine is the best
by ethbr0 6y ago
There's two dead companies in that title, and the only live one owns content.
Fair point: in a rapidly shifting marketplace, owning the well / mine is the best bet.
- oblio 6y agoDidn't you, historically, want to be the person selling shovels?
- ethbr0 6y agoDepends on how close you were to the 1800s -- widespread steam power & hydraulic mining. Mining shovels became worthless. People who owned exploitable resources continued to make money. (Also, denim)
- deeblering4 6y agoIt's a figure of speech. "Shovels" being the tools, e.g. shovels, hydraulic equipment, etc.
- ethbr0 6y agoPoint being that "shovels" change. Everyone always wants water or gold.
- lanstin 6y agoIs that Cisco or Sun in this analogy?
- deleted 6y ago[deleted]
- nl 6y agoDepends. If you won big on a gold/oil/internet strike you were much, much better off buying as many shovels you could at any price and mining for all you were worth. Selling shovels is a reliable, lower risk business for a while. But Sun/SGI/Cray/Dell/Nortel/etc show the risks that come with relying on shovel income.