3min chapter

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#215 - Josh Kaufman - The Key Principles Of Running Any Business

Modern Wisdom

CHAPTER

The Value of a Rolex Watch

Am driving doing things that drove revenue, rather than obsessing over how much we had. Raising the price is such a wonderful feeling because it's the thing that you were doing yesterday, but more money for youigt. Weblin goods are the exception to that very liar pricing curve. For status signalling goods, demand goes up when price goes up. And so in the economic literature, this is called a veblin good veblin was an economist and veblin goods bringing up supply and demand earlier.

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