Get Rich; The Secrets Of Trade ->

  • Thread starter Thread starter deda
  • Start date Start date
  • Tags Tags
    trade
Click For Summary

Discussion Overview

The discussion revolves around a hypothetical scenario involving trade and competition for resources, specifically apples and money. Participants explore strategies for "outriching" others in a controlled trading environment, examining the implications of equal starting resources and the dynamics of innovation, deception, and market manipulation.

Discussion Character

  • Debate/contested
  • Exploratory
  • Conceptual clarification

Main Points Raised

  • One participant proposes a scenario where individuals start with equal resources and questions how one can "outrich" others under those conditions.
  • Another suggests using innovation and marketing strategies, such as creating and selling applesauce, to gain an advantage over others.
  • Some participants argue that if everyone acts the same way with equal resources, trade becomes meaningless, and no one can truly outrich another.
  • There are suggestions of using deception, such as convincing others of threats to their resources, to manipulate the trading environment for personal gain.
  • Concerns are raised about intelligence and creativity playing a role in who can successfully navigate the trade, implying that not all participants may have the same capabilities.
  • Timing is mentioned as a critical factor, where the ability to respond to events (like theft) can influence one's success in the trading scenario.
  • One participant notes that if someone successfully outriches others, it may not be due to cheating but rather superior intelligence or strategy.
  • There is a suggestion that protecting innovations, like the method for making applesauce, could create barriers for others attempting to compete.

Areas of Agreement / Disagreement

Participants express a range of views on the feasibility of outriching others, with some arguing that equal starting conditions negate the possibility of significant advantage, while others believe that intelligence and strategy can lead to differing outcomes. The discussion remains unresolved, with no consensus on the best approach or the implications of the scenario.

Contextual Notes

Participants acknowledge the limitations of the hypothetical scenario, particularly regarding assumptions about equal resources and the constraints on behavior. The discussion highlights the complexity of trade dynamics and the influence of individual capabilities.

Who May Find This Useful

This discussion may be of interest to those exploring concepts of economics, competition, strategy, and the psychology of trading and negotiation.

deda
Messages
182
Reaction score
0
Ok,

This is some physical problem translated in the field of trade.
Say we have you, me and some third person, each with 5 apples and 5 dollars. Having money makes you capable to buy. Having apples makes you able to sale certainly. How do you outrich the rest of us?
Know that you're free to define the rules of trade as long as they apply equally for every one.

Outriching the others is ending up of all the apples and all the money in one person.

Finding rich man in some desert is very rare. The real place for the rich man to be is at the center of the society. So in other words my problem is how does one get in the center of the society supressing all the others out?
 
Physics news on Phys.org
Innovation and marketing.

Make applesauce. Sell one serving of applesauce for 1 dollar and 1 apple. When you have all the apples, convince everyone applesauce is no good. Offer to buy back 2 applesauces for 1 dollar. When one of the guys starts to object, pay the other one to beat the crap out of him. After they fight, and the winner is hurt, beat him up. Take all the money, apples and applesauce.

Njorl
 
Originally posted by Njorl
Innovation and marketing.

Make applesauce. Sell one serving of applesauce for 1 dollar and 1 apple. When you have all the apples, convince everyone applesauce is no good. Offer to buy back 2 applesauces for 1 dollar. When one of the guys starts to object, pay the other one to beat the crap out of him. After they fight, and the winner is hurt, beat him up. Take all the money, apples and applesauce.

Njorl
Is this what you will do?
Then me and the third guy will do the same.
Where does it lead?
 
Originally posted by deda
Is this what you will do?
Then me and the third guy will do the same.
Where does it lead?

If everybody has the same resources and everybody is constrained to act the same way, I suggest we just eat the apples and burn the money, but that wasn't what you asked originally. You asked what I would do to "outrich" the others. Personally, I have not really been big on the idea of outriching people, but I am enthusiastic about finding good solutions to hypothetical situations.

Let's change the situation. I have 13 apples and no dollars. You and the other guy have one apple and 1 million dollars each. How much should I charge you for an apple?

Njorl
 
First I convince you that the other guy wants to steal your apples. Then I offer to insure you (for a fee) that if he does I will buy you another apple, which you can also insure (with an increase in the fee because you have a history of having apples stolen.)

Next, I convince you that your money isn't safe. (Afterall, someone already stole your apple.) So I offer to hold your money for you (for a fee) and charge you another fee every time you want to use it.

Now that you are paying fees for your money and insurance for your apples, you need financial help, so I offer to sell shares of your apple business to the other guy (for a fee). The other guy borrows some of your money from me (for a fee) and buys 51% of your apple business and throws you out of the company.

Now that you are broke, you steal an apple from the other guy. I offer to insure his apples...
 
Originally posted by Njorl
If everybody has the same resources and everybody is constrained to act the same way, I suggest we just eat the apples and burn the money, but that wasn't what you asked originally. You asked what I would do to "outrich" the others. Personally, I have not really been big on the idea of outriching people, but I am enthusiastic about finding good solutions to hypothetical situations.

Let's change the situation. I have 13 apples and no dollars. You and the other guy have one apple and 1 million dollars each. How much should I charge you for an apple?

Njorl
Actually, that was my point:
If every body starts with equal resources and all the defined rules apply equally for every body then there is no point of trade. No way one can outrich the others cause despite all the trade every next situation will be same as any previous regarding the system as a whole.
 
Originally posted by Artman
First I convince you that the other guy wants to steal your apples. Then I offer to insure you (for a fee) that if he does I will buy you another apple, which you can also insure (with an increase in the fee because you have a history of having apples stolen.)

Next, I convince you that your money isn't safe. (Afterall, someone already stole your apple.) So I offer to hold your money for you (for a fee) and charge you another fee every time you want to use it.

Now that you are paying fees for your money and insurance for your apples, you need financial help, so I offer to sell shares of your apple business to the other guy (for a fee). The other guy borrows some of your money from me (for a fee) and buys 51% of your apple business and throws you out of the company.

Now that you are broke, you steal an apple from the other guy. I offer to insure his apples...
I'll use the same methods of protection as those you provide knowing that I'm capable of it because we all start with same resources.

If one anyway othrich the others he must have been cheating.
 
Not everyone in this world is equally intelligent. If someone outriched everyone else who were trying to get rich (did someone say Bill Gates?) he's just smarter than them, not a cheater.
 
Timing also plays an important role. If someone stole one of your apples and I saw that it had happened, I would be in a position to offer insurance knowing you would have that fear of having another apple stolen.
 
  • #10
As Njorl and Artman both demonstrated, intelligence, creativity and skill will change the balance even if everyone starts off with the same resources.

originally posted by deda - Then me and the third guy will do the same.
Where does it lead?
Njorl made applesauce, what makes you think that you and the other guy can figure out how to make it?
 
  • #11
Originally posted by Evo
Njorl made applesauce, what makes you think that you and the other guy can figure out how to make it?

Njorl will probably takes steps to protect his invention of the applesauce press, making it illegal for the rest of you to make applesauce without buying the machine from him.
 

Similar threads

Does energy currency make sense?
  • · Replies 4 ·
Replies
4
Views
2K
History Where did ancient civilizations get their supply of iron?
  • · Replies 7 ·
Replies
7
Views
3K
Buy and Hold Beats Active Investing
  • · Replies 46 ·
2
Replies
46
Views
6K
Graduate Can Somebody solve the Rich Investor's Paradox?
  • · Replies 8 ·
Replies
8
Views
2K
Possibility of eliminating all the poors (by getting everyone rich)
  • · Replies 7 ·
Replies
7
Views
6K
News A Novel Reform Proposal of the National Election Process
  • · Replies 27 ·
Replies
27
Views
5K
Undergrad What is the role of geometry and dimensional operations?
  • · Replies 3 ·
Replies
3
Views
2K
The Fundamental Delusion of Scientists?
  • · Replies 28 ·
Replies
28
Views
5K
Duties owed by Bitcoin developers to users
  • · Replies 4 ·
Replies
4
Views
2K
Is Marriage Really Worth the Financial Risk?
  • · Replies 6 ·
Replies
6
Views
2K