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> While you might have had a poor experience, the rest of the market may have been willing to wait in 15 minute lines for $10 bottles of water. If you disagree

> While you might have had a poor experience, the rest of the market may have been willing to wait in 15 minute lines for $10 bottles of water. If you disagree with PE, the easiest way to "stick it to them" is to vote with your wallet. Simply stop going to Sea World and you'll see PE change their tune pretty quickly. Ironically this is exactly the sort of attitude that the parent is complaining about. You could never grow a business with this mindset, but you can coast and cannibalize one just fine. Nobody likes 15 min lines or $10 water bottles; they tolerate them because there are other experiences that are worthwhile along the way. You remove these experiences and you are basically just screwing people who are going off outdated information about the quality of the experience. Voting with dollars is fine but there is a big information asymmetry and a hysteresis effect of having a quality brand reputation (built over years of not trying to screw people). Any voting with dollars is years removed from the results.

eru 5y ago
Why? I've never been to SeaWorld, and it's really easy for me to look up up-to-date reviews before I plan a trip. Easier than ever, in fact. The hysteresis effect you mention requires that people would stupid when spending their own dollars. > Nobody likes 15 min lines or $10 water bottles; they tolerate them because there are other experiences that are worthwhile along the way. You remove these experiences and you are basically just screwing people who are going off outdated information about the quality of the experience. Perhaps other people just have different preferences from you and make different trade-offs?
mbesto 5y ago
> Ironically this is exactly the sort of attitude that the parent is complaining about. And this attitude would exist regardless of whether PE is involved. When you get the $1B+ market cap size, these entities are not benevolent entities - they are profit seeking machines.

eru 5y ago

Why? I've never been to SeaWorld, and it's really easy for me to look up up-to-date reviews before I plan a trip. Easier than ever, in fact. The hysteresis effect you mention requires that people would stupid when spending their own dollars. > Nobody likes 15 min lines or $10 water bottles; they tolerate them because there are other experiences that are worthwhile along the way. You remove these experiences and you are basically just screwing people who are going off outdated information about the quality of the experience. Perhaps other people just have different preferences from you and make different trade-offs?

mbesto 5y ago

> Ironically this is exactly the sort of attitude that the parent is complaining about. And this attitude would exist regardless of whether PE is involved. When you get the $1B+ market cap size, these entities are not benevolent entities - they are profit seeking machines.