Quoted from UNCgump:This is one reason that limiting production so much was a dumb move. They forked over cash (that could've gone back to employees or business investment) to flippers.
Sorry in advance for the repost from another thread... but some people just don’t get it and maybe there are more eyes on this thread.
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There was once a businessman who was passing through a small town in southern Wisconsin.
When he stopped for lunch at a local diner, he ran into a pinball manufacturer who was eating lunch with some friends, family and employees.
The businessman saw how happy everyone was at the table and asked the pinball manufacturer how his business was doing?
The pinball manufacturer replied, “Really good... we made 10 pinball machines this week.”
“That’s awesome... but I’ve heard that some companies can build 10 in an hour!”, the businessman exclaimed.
“Maybe so, but I make enough money from these 10 each week to feed my family and keep my employees family fed as well,” the pinball guy said.
The businessman then asked, “So, what is a typical week for you like?”
The pinball manufacturer replied, “Well, I usually wake up early in the morning, work hard all day building pinball machines but leave enough time here and there... in the afternoon, evening or weekends to hang out with my kids and wife. I also frequently join my buddies in town for a drink — we play pinball, sing and dance throughout the night.”
The businessman offered a suggestion to the pinball guy.
“I have a PhD in business management. I could help you to become a more successful person. From now on, you should spend more time at work, hire more employees and try to make as many pinball machines as possible. When you have saved enough money from your profits, you could build a bigger factory and make even more pinball machines. Soon you will be able to afford to buy more licenses, expand even further, expand your company even more. By then, you will have moved out of this town and to Chicago, where you can set up headquarters to manage your other branches.”
The pinball manufacturer continues, “And after that?”
The businessman laughs heartily, “After that, you can live like a king in your own house, and when the time is right, you can go public and float your shares in the Stock Exchange, and you will be rich.”
The pinball manufacturer asks, “And after that?”
The businessman says, “After that, you can finally retire, you can move to a house in the country in southern Wisconsin, wake up early in the morning, maybe work a few hours but only doing what you love, then return home to play with kids, and when evening comes, you can join your buddies for a drink, play pinball, sing and dance throughout the night!”
The pinball manufacturer was puzzled, “Isn’t that what I am doing now?”
La Porte, IN
