https://twitter.com/raudelmil/status/369944655552462850
;) -- Raul On Sun, Feb 23, 2014 at 1:56 PM, R.E. Boss <[email protected]> wrote: > http://www.randomhouse.com/book/176227/antifragile-by-nassim-nicholas-taleb > > > R.E. Boss > > (Add your info to http://www.jsoftware.com/jwiki/Community/Demographics ) > >> -----Original Message----- >> From: [email protected] [mailto:chat- >> [email protected]] On Behalf Of Raul Miller >> Sent: zondag 23 februari 2014 16:59 >> To: Chat forum >> Subject: Re: [Jchat] games >> >> On Sun, Feb 23, 2014 at 9:46 AM, Björn Helgason <[email protected]> >> wrote: >> > Companies are shifting to all kinds of low costs. >> > >> > The companies selling services and/or hardware are hard hit. >> >> Yes, I think this is a direct consequence of child labor laws, and the >> shift away from both farming and industrial economies. >> >> People have tried to solve these issues by enforced destruction of >> things of value (to drive up demand), but I think that that's the >> wrong approach. >> >> > It is very difficult managing a company with a shrinking market. >> >> Absolutely. That's the downside of sharing economies, for companies >> that do not get it. >> >> > When people are let go the most productive go first. >> >> Not always, some will stay out of a sense of dedication. But yes, and >> this has always been an issue. It's just becoming more obvious. >> >> > The company keeps on going with ever higher percentage of fat. >> >> Thus the phrase "corporate welfare". But it's not actually as bad as >> it might first seem. >> >> > We are seeing a major change and many giants are suffering. >> >> Of course. >> >> ... (some quoted text deleted here) ... >> >> > In music etc the middlemen are feeling the heat but the musicians are >> > better off and in more and better contact with their audience. >> > >> > Adverticing seems to be giving money in various ways but it is an difficult >> > market. >> > >> > You do not want spam. >> >> I do not want too much, but we've developed pretty good immunities to >> it. I expect this process to continue. >> >> > The social medias are in a strange situation. >> > >> > I am personally in favor of communication but hate spam and intrusive >> > manners as many of them present. >> >> Most of it is very low quality, yes. But imagine if spam actually >> contained useful information. It would still be annoying but ... not >> all that different from past government efforts, at least in general >> terms. >> >> > Games seem to be growing but it is ever harder to make money out of it. >> >> This has always been the way with entertainment industries. Anything >> that focuses exclusively on popularity is going to have a lot of >> people wanting to "make it big", trying and failing. >> >> Popularity can be important, and you need people who are interested in >> being popular, but they need people to back them up. >> >> Meanwhile, if you want money you have to be willing to provide the >> things that the people with money want. Similarly, if you want food >> you have to be willing to provide the things that the people with food >> want. Similarly for construction and plumbing and so on. >> >> Meanwhile... there's huge untapped productivity in the >> poverty-stricken regions of the world. Many of those people are >> smarter and more capable than many of those in the rich parts of the >> world. So self-interested companies find themselves forced to tap into >> that potential and at the same time struggle to maintain a >> "competitive advantage", basically riding on the intersection of a >> wide variety of problems. >> >> But what is wealth? You can sometimes approximate wealth by looking at >> currency (or maybe cash flow) but it's actually quite a bit more >> complicated than that. >> >> My favorite illustration of this issue is >> http://arxiv.org/pdf/1002.2284.pdf - the presentation there is fairly >> straightforward. But, restated: from a mathematical point of view, >> high velocity markets are tremendously inefficient. I expect that this >> means they tend to decouple value from currency. The result being that >> successful companies need to provide value in other ways. You still >> need currency - you can't avoid that - but it's by no means the only >> way of judging wealth. >> >> (And it never has been.) >> >> What it is, though, is incredibly convenient. >> >> > I have been making money out of working with tourism and it seems to be >> > growing like many entertainment industries. >> > >> > Fluctuates quite a bit. >> >> The best answer to fluctuations is probably diversification. Savings >> helps also, of course. >> >> Here in the States, housing developments which offer sustainable >> gardening are becoming more and more popular, especially with the >> rich. There are a variety of reasons behind this. One of them is that >> fresh food tastes good. But there's a lot of other reasons also. >> Still, having backup systems is important, and even our economies and >> our politics need backup systems. But you need a certain level of >> failures before most people appreciate those systems. >> >> "Fortunately", there's never a shortage of people willing to break >> things and to fail. That's something we have always had a huge surplus >> of. The trick is learning from your mistakes and turning them into >> something better. (Other tricks include making sure you are attempting >> things you want to accomplish, and that you are willing to live with >> the results of your attempts.) >> >> Thanks, >> >> -- >> Raul >> ---------------------------------------------------------------------- >> For information about J forums see http://www.jsoftware.com/forums.htm > > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
