A couple of others I can think of:
- Crypto-boom of 2016ish: GPUs/mining rigs
- LLM/AI hype nowish: User generated data
- 90’s dotcom bubble: Server space
LLM/AI: also GPUs.
I was thinking that, but figured I’d go for input data instead for the sake of variation.
Can’t sell something they can easily steal and get away with it.
Whenever I played Roller Coaster Tycoon I would jack up the price of umbrellas right before it rained.
Free soda stands. Pay toilets. No exit.
Ah the Hotel Crapifornia
And here I was focusing on making money from the rides like some plebian smoothbrain. Also giving away the maps for free, because my guests always complained about getting lost in my labyrinth of a park with as many rides as I could fit, to the point of basically having four floors/levels in the park.
When there’s an umbrella-rush, sell rain.
My friend failed at becoming an actor in LA so he started doing prospective actors’ photo shoots
That’s actually pretty clever. Especially considering that he tried that avenue for himself and therefore knows what any hopefuls would need. Any idea how he’s doing? Is it portraits only, or does he offer additional stuff such as sample tapes?
I believe he expanded beyond headshots and photo shoots and at one point he was even doing sound production for a rapper’s video. Basically wherever he has opportunity to have his career be providing what those still trying to make it big needed
During a pandemic, sell sanitizer and toilet paper?
But most those guys were pretty much seen as assholes, so I don’t know if this good advice or not.
Yeah, over here we have this former rich guy (he lost his fortune thinking he was better at picking stocks than he actually was.) He got lucky and made his fortune as an early investor in a cell phone company in 2000s, and after that he’s basically become a serial grifter. His covid enterprise was to buy face masks in bulk, repackage them, and resell.
Well, he got hit with a huge fine: The face masks were only approved as long as they remained in their original packaging. Once he repackaged them, they were no longer considered sterile, and as such no longer approved for medical use => false advertising
What a collosal moron
Why assholes? Because the toilet paper?
Assholes are only that if they price gauge during people’s time of need.
When investors are pouring money into tech startups with dubious models, start a bank that connects startups with investors.
Ie Mercury Bank making money hand over fist
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During/after natural disaster, buy cheap land. Probably works during an economic crash too.
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Protests & Riots happening? Invest in glass companies
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Cloudy & rainy every day? Sell coffee (looking at you PNW)
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War happening? Just sell bombs! (see USA) This one is particular good cause you can always start another war. It’s just smart business!
That’s all just regular supply and demand. Doesn’t fit the saying.
Gold Rush = high demand = invest in (aka buy) shovels
Same thing, no?
No.
Gold rush = a bunch of fools getting hyped up on the latest thing thinking they’ll get rich, but almost none of them will.
Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.
I’m not offering an opinion or interpretation of the phrase btw, that’s the actual definition.
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dont see ice cream trucks in the dead of winter
That’s when they should switch to being hot chocolate trucks.
Definitely all those Udemy / Coursera / Whatever paid courses for “Data Science”, “AI” and whatever else is popular recently.
It’s always GPUs. Crypto boom? GPUs. AI boom? GPUs. PC gaming boom? GPUs. GPUs are so difficult to program effectively that we still probably haven’t discovered things they’re capable of doing yet. The next major breakthrough in tech, whatever it is, will cause a massive explosion in GPU demand.
Pretty sure none of you have any idea what this saying means.
Enlighten us, then.
Gold rush = a bunch of fools getting hyped up on the latest thing thinking they’ll get rich, but almost none of them will.
Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.
Edit: because I know someone is gonna try this
That’s not an opinion or an interpretation. That’s the meaning of the phrase. It’s not this amorphous ambiguous thing where all interpretations are valid. It has a specific meaning.
… None of us were confused by the saying. You obviously are confused about where you stand cognitively, in comparison.
Look at the comments dude. Bunch of dumdums.
Well, at least one…
