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by anamax
5634 days ago
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> Suppose we are both businessmen, and we want to see who is better, I start with $100 and manage to grow it to $200, my friend started with $300 and grew it to $450. Who did better? I earned $100, but he earned $150 - clearly he did better right? But if you notice while I doubled my money, he only 1.5'd it. I'm clearly the better businessman, yet I earned less money. Sorry, that doesn't follow over, at least not at scale. It's far more common for a given mom and pop restaurant to double its sales than it is for mcdonald's the chain to do so. (It's also more common for a said restaurant to fail than it is for mcdonald's the chain to fail.) That doesn't imply that the folks running said restaurant are better biz folks than the folks running mcdonalds and would eventually overtake mcdonalds. Exponentials don't persist. |
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