Random Announcements
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Cartier destroyed €500 million of watches in order to preserve brand equity.
This bothers me less than clothing story in that the parts were almost certainly reused or melted down and recast, and it is in response to a change in the market driven by an unforeseen externality. But still, they are manipulating the market: the fact that they were able to scale production to capture the Chinese bribery market, then to artificially modify supply when that market collapsed, to me that is less special than a watchmaker who limits production because they are using skilled labor to make well-finished timepieces. I wouldn't want to pay for artificial scarcity.
I understand the core principles of matching supply to demand and protecting brand equity.
That said, if you don't want to be commoditized, don't mass manufacture. I'd be surprised to see Patek Philippe destroying timepieces.
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I'm glad I missed people complaining about getting discounted Iron Heart.
The last guy who did so was on the receiving end of a biblical shitstorm. I’m on tapatalk (and holiday) so I’m not going to look up the link (sorry), but I think it was on the “Iron Heart USA” thread.
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Finally sold my business (a gym). Didn't nearly get back what I put into it as far as blood, sweat, and tears goes, but sometimes these things can't be judged that way.
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I still miss this logo
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I'm glad I missed people complaining about getting discounted Iron Heart.
The last guy who did so was on the receiving end of a biblical shitstorm. I’m on tapatalk (and holiday) so I’m not going to look up the link (sorry), but I think it was on the “Iron Heart USA” thread.
Good job, esteemed community
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Let’s go Tiger!!
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I'm glad I missed people complaining about getting discounted Iron Heart.
The last guy who did so was on the receiving end of a biblical shitstorm. I’m on tapatalk (and holiday) so I’m not going to look up the link (sorry), but I think it was on the “Iron Heart USA” thread.
Good job, esteemed community
His Arguments where so senseless, the whole Brand Worth thing is Bullshite, People who blurb out those Phrases or even do those things (like trashing perfectly good clothes) don´t care even a 1% about the Environment.
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Had dinner with @Danny RnH and Junior at their new pad (amazing btw) last night. Wine flowed, I'm a little slow today…..
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Had dinner with @Danny RnH and Junior at their new pad (amazing btw) last night. Wine flowed, I'm a little slow today…..
I thought we were pretty tame by our standards. Thanks for coming. Always nice to see you and @Madame Buttonfly
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Still think it looks like the logo of a Juggalo band…
Amazing [emoji23][emoji23][emoji23][emoji23][emoji23]
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Finally sold my business (a gym). Didn't nearly get back what I put into it as far as blood, sweat, and tears goes, but sometimes these things can't be judged that way.
Reason for selling? I'm sure you wanted money back, but I imagine it's not the main motivation.
I took 4 years off from engineering to run it (ran it for 9 years in total, doubled up with an engineering job for the first 4 and the last 1). It was a good experience but I always knew I was going to get back to engineering in the long run. Spent a lot of time in the last year refining the business model and setting up systems so that it could keep going after I left. Felt like I had done all I came to do and it was time to step away.
Had a business partner, and the way everything was structured it wouldn't make sense for one of us to be a "silent partner." So in the end he got the autonomy and full ownership, and I got liquidity and the ability to focus on my current career and not worry about how the business is doing.
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Here's an interview with Ron Stallworth, a black cop who infiltrated the Ku Klux Klan in the seventies.
Favourite quote: Fortunately the people I was dealing with weren’t the brightest bulbs in the socket.
The story is the basis of the new film, BlacKkKlansman.
