People are just terrible at reasoning about money. People don't know where the money they spend goes, people don't know where they waste money on, and so on. (

People are just terrible at reasoning about money. People don't know where the money they spend goes, people don't know where they waste money on, and so on. ( My biggest vice is wasting time picking the best "value for money" product, while I would be much better off if I work a few more hours, and then buy the best reviewed product in the most expensive class. ) Most people are absurdly irrational when it comes to money. Luckily, people are predictably irrational. So the sane solution is to avoid the whole iPhone marketplace. A great product can still fail when people realize they should be willing to pay for it, and yet can't bring themselves to pull the trigger. Some markets just are like that.