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Being a good entrepreneur is more than identifying opportunities for arbitrage and executing on it and rolling profits into the system that can fuel more arbitr
by maeon3 14y ago
Being a good entrepreneur is more than identifying opportunities for arbitrage and executing on it and rolling profits into the system that can fuel more arbitrage. It's also taking into account the sustainability of the system. Evaluating the legality of the arbitrage is more important than the skill to profit from it.
- _delirium 14y agoAre there really many entrepreneurs who take it upon themselves to consider the sustainability of the system, rather than just their own ability to profit from it? Some probably, but it doesn't seem to be the norm in business culture, apart from some talk of "corporate social responsibility" at large companies that I strongly suspect is mainly for PR reasons.
- Tycho 14y agoI think their own ability to profit from it (ie. avoiding jail and violent attacks) was the sustainability to which he was referring.