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Brand Names Are Often Overpriced

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43 minutes ago, Dadio said:

I am off the end of that chart, Keith on every thing I do in the shop, and I am not into Festools. But personal gratification must factor into that somewhere.

Herb

I heard an old maxim somewhere in software development, "Adding more people to a late project makes it later."  (negative returns)

 

I remember in an economics class where the professor was talking about maximizing profits.   He had one curve that was revenue and another expense and the x-axis was volume of sales.   He went on for ten minutes or more about the "sweet spot" where the optimum spot was.   I'm (as a math major) rolling my eyes and saying to myself, "Just take the first derivative and set to zero."

My formula for maximizing profit is to stay out of the shop.

2 hours ago, kmealy said:

I heard an old maxim somewhere in software development, "Adding more people to a late project makes it later."  (negative returns)

 

I remember in an economics class where the professor was talking about maximizing profits.   He had one curve that was revenue and another expense and the x-axis was volume of sales.   He went on for ten minutes or more about the "sweet spot" where the optimum spot was.   I'm (as a math major) rolling my eyes and saying to myself, "Just take the first derivative and set to zero."

Sounds to me like a severe case of "Educational Narcissism"...I'm smarter than you are, just look at my graph...

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There is a lot of that going on in college, or at least when I was there Too many years ago to remember.

 

Herb

2 hours ago, Dadio said:

There is a lot of that going on in college, or at least when I was there Too many years ago to remember.

 

Herb

Don't think it's changed a bit Herb...well maybe it has...think it has worsened.

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