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"Then the market shifted. Suddenly my father was stuck holding quantities he couldn't move. " Excellent story. The above statement shows why people who have on
by larrys 13y ago
"Then the market shifted. Suddenly my father was stuck holding quantities he couldn't move. "
Excellent story. The above statement shows why people who have only been in business for a short time, and specifically only in tech, have no long term view of how quickly someone can be on top and then "poof". I have heard over the years many stories like that spanning many different businesses.
I have a friend whose father in law is a "garmento". Runs a big factory and imports things from the Dominican Republic, Asia, China etc. Lately he told me of the problems they are having just as a result of there being less department stores than there were 5 years ago. This was a business that did really well for many many years. All the sudden a formula that worked doesn't work anymore. And these people were on the top of the world for so many years.