Peter Thiel is a good example of how someone ultra rich (successful in his own terms) could have problems understanding basic processes around him. Trump is not such an example - he's not rich, he's bankrupt
https://www.independent.co.uk/news/world/americas/peter-thiel-jd-vance-billionaire-leaving-b2597842.html
@freemo of counting money is your goal in life, you'll probably end up doing it much more often and better than someone else who likes being with people or reading books :)
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@mapto money is just a number we use to value your ability to command resources. Someone may be rich because they buy and sell books or people, in which case tbey are aroubd those things a lot.
@freemo someone focused on money would have much more "valuable" (in market terms) bookstore. Someone into books would have something that doesn't necessarily sell well, but relates to others passionate about reading, e.g. niche literature
@mapto Actually no, and sbows why money isnt as trivial as you suggest.
Someone who deals in obscure books people love more will absolutely make money and be the money lovers goto. If 99% of bookstores keep common books and you as thr 1% are the onky store with it, you have little competition and thus will sell more.
@freemo is Amazon with bigger turnover or Ocult Bookstore?
@mapto amazon dorsnt follow your preception of a cokpany that only sells mainstream books. As someone who has a collection of occult books virtually every new book thats an occult book **is** a ailible on amazon, thus proving my point.
@freemo I never said they sell mainstream books. I said they know better how to make money because they care more about money in comparison to a bookstore with management that cares about books and readership
@mapto Your exact wording was:
someone focused on money would have much more “valuable” (in market terms) bookstore. Someone into books would have something that doesn’t necessarily sell well, but relates to others passionate about reading, e.g. niche literature
This seems to imply you see large money-focused bookstores as focusing on popular books while less money-hungry book stores might focus more on obscure books.
I argue this isnt the reality. In fact a much more money focused bookstore will try to have everything, and cater to both the obscure crowd and mainstream. Which is exactly the case with amazon.
@freemo mainstream might be one of the important ways to do it. As you say, a broad coverage of the long tail might be another. Someone who cares about revenue would be much more attentive to these things than someone who is passionate about any literary genre.
@mapto Exactly! Soneone who cares about money, if they are good must care about catering to the same crowd as a shop that doesnt and beyond. So a large shop will have everything tbr small shop has and more. Cagering to just the mai stream will not get you as much revenue as catering to everyone.
@freemo my argument has its flip side. No one doing something for money can dedicate the resources necessary to compete with someone who does it with passion. Ultimately, monopolies are grown by someone who is both passionate about the product and pedantic about money
@mapto Rich people arent by default smart, some are lucky, some have inheretance, and some are skillful in making money but not neccesarly smart. A lot of making money isnt intelligence, its social, and has a lot to do with ones self-confidence. If youa re confident and persistent in being rich you usually will be.