5 ms·
"I think I've found a niche with a need, and if I can put enough in my pocket that I can buy insured and very low-risk securities to quietly live off a trickle
by webwright 18y ago
"I think I've found a niche with a need, and if I can put enough in my pocket that I can buy insured and very low-risk securities to quietly live off a trickle of interest."
Markets are pretty efficient. It's pretty unlikely that you've found a niche where you can make a good living without any work. If you do, it won't be long before someone who wants to work hard comes around and blows your business out of the water. But if you hit it right, you might be able to make a pile of cash before it happens.
It's the startup equivalent of stock market timing, and I imagine you have about as good a chance of success.
- ggrot 18y agoJob markets are not as efficient as real markets where you buy and sell things because jobs are not liquid. If I find a job paying $50/hour and someone else is working doing the same job earning $30/hour, I can't exactly make any profit arbitraging the market to efficiency. For a pretty small investment in time and money, most grocery store cashiers could learn to become plumbers. Plumbing routinely pays 4x a grocery store cashier, but it is harder/nastier work and often deals with fecal matter.
- webwright 18y agoYaw, I was responding to his idea of a niche startup-- not getting a job. Certainly there are plenty of ways to get a job and save money.
- kingnothing 18y agoWhy can't you arbitrage people? That's effectively what consulting firms do.
- paulgb 18y agoRecruiters also.
- sutro 18y agoit is harder/nastier work and often deals with fecal matter Sounds like programming.