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I always assume the bottom 10% in any market is going to be garbage, whether it's shoes, jeans, food or anything else. Of course knowing that doesn't help if yo
by tonyedgecombe 3y ago
I always assume the bottom 10% in any market is going to be garbage, whether it's shoes, jeans, food or anything else. Of course knowing that doesn't help if you are really destitute.
- badpun 3y agoLots of people make the same assumption, and companies take advantage of that. E.g. if they want you to buy a bottle of wine at $10 a bottle, they'll place plenty of $10 bottles on the shelves, as well as some $7 bottles, with the assumption that you'll regard them as bottom of the barrel crap.