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Imagine that you decide that you would like to try farming, and you buy some geese. One of the geese, for whatever reason, begins to lay golden eggs. Your littl
by CobrastanJorji 5mo ago
Imagine that you decide that you would like to try farming, and you buy some geese. One of the geese, for whatever reason, begins to lay golden eggs. Your little farm is now unbelievably profitable. It is as profitable as your thousand closest neighboring farms combined. So naturally, you hire guards for the goose and experts on golden geese veterinary science to make sure that the goose is fed and healthy and is maximizing egg mass per day, and you hire people who figure out how to turn gold into wealth as profitably as possible, but at some point, you run out of ways to significantly improve the magic goose pipeline.
At this point, you've stopped growing. Not growing is completely unacceptable; it is anathema. So you start spending a lot of the money on long shot bets. Maybe try buying lots of geese to see if any lay golden eggs. You heard that somebody found a hen that lays golden eggs because of some magic beans, hire some bean farmers and see if that gets you more gold egg poultry. Jack who was the manager of goose calisthenics has really wanted a chance to grow, and he's dating your cousin, so let's put him in charge of the beans.
The only way to grow is long shot bets. Most of them will fail. All of them will be expensive. But the alternative is not growing. That can't ever happen.
- fny 5mo agoThe responsible alternative to not going is to return capital to your share holders who can then do the goose hunting themselves, and management should in invest their personal stock into other companies. For very human reasons, they thing they have a better chance of finding the goose themselves.
- Henchman21 5mo ago> Not growing is completely unacceptable; it is anathema Succinctly put and so very both unfortunate and accurate. The only other thing I can think of that grows endlessly is cancer. There’s an analogy in there if you squint hard enough.
- user_of_the_wek 5mo agoCancer does not grow endlessly.
- palata 5mo agoDoesn't it?
- game_the0ry 5mo agoUp until death, yes.
- Henchman21 5mo agoIt eventually kills the host. That was part of the analogy, well done you found it!
- jareklupinski 5mo ago> One of the geese, for whatever reason, begins to lay golden eggs. Your little farm is now unbelievably profitable. how? the value of gold plummets the instant that the market learns that the stuff literally comes out of rear ends
- john_strinlai 5mo agowell, mainly, because its an illustrative parable and not reality.
- pan69 5mo ago> ...comes out of rear ends Instead we know it literally comes out of the ground and the market doesn't plummet.
- CobrastanJorji 5mo agoLaw of Demand. Cheaper gold supply means that the demand for it grows tremendously. Or something.