Are people as dumb as they are on tv?

  • Thread starter Thread starter Pengwuino
  • Start date Start date
Click For Summary
SUMMARY

This discussion centers on the perception of intelligence in relation to financial decision-making, particularly in the context of investing in the stock market as depicted in the TV show "Friends." Participants express a consensus that many individuals make poor investment choices, often influenced by superficial reasons or lack of financial literacy. The conversation highlights the risks of investing without adequate knowledge, particularly emphasizing the importance of having a solid business plan for small business success. The discussion concludes that many people are ill-prepared for financial decisions, leading to significant losses.

PREREQUISITES
  • Understanding of basic stock market principles
  • Knowledge of small business management
  • Familiarity with the concept of a business plan
  • Awareness of financial literacy and investment strategies
NEXT STEPS
  • Research "Creating a Business Plan" to understand essential components
  • Learn about "Stock Market Investment Strategies" to make informed decisions
  • Explore "Financial Literacy Resources" for improving personal finance management
  • Investigate "Common Reasons Small Businesses Fail" to avoid pitfalls
USEFUL FOR

This discussion is beneficial for aspiring entrepreneurs, investors, and anyone interested in improving their financial decision-making skills. It provides insights into the common mistakes made in investing and the importance of strategic planning in business.

  • #31
sid_galt said:
IMO, instead of offering just computers, offer solutions like what PC one should buy etc. What type of customers will you be targeting in the beginning? If it's the average home user, then keep softwares/games that appeal to them. Offer pre-installed software. To home users don't just offer performance, keep in mind the style too.

Are you putting up assembled PCs or branded ones? If they are assembled, and if you have the resources, build your own website and offer online booking and online building of PCs.

Its going to be mainly online i think. there's a crazy amount of software on the computers thanks to works suite :D Plus there's antivirus and anti-spyware software and a 'how to use your computer' cd by that vidoe professor guy :D. There assembled PC's... i can't offer online building yet because i don't have the resources to keep any decent amount of inventory in stock.

IRT employees: I'll probalby just set a good deal of rules and not be a jerk about petty things. I've never worked for anyone in the traditional sense... but I've heard plenty of things from friends as to why they want to quit their jobs to know what not to do lol.

I'm probably going to just throw stuff on shelves and keep a simple record of in/out inventory for the time being. If things start getting off the ground, ill change inventory system.
 

Similar threads

Buy and Hold Beats Active Investing
  • · Replies 46 ·
2
Replies
46
Views
5K
All About Assets (One-Stop Shop Chat Thread)
  • · Replies 18 ·
Replies
18
Views
2K
How Do Dividends Influence Stock Investment Decisions?
  • · Replies 34 ·
2
Replies
34
Views
3K
Undergrad Can you turn investment in a lottery from subjective to objective?
  • · Replies 45 ·
2
Replies
45
Views
5K
Economics-understanding the stock market
  • · Replies 15 ·
Replies
15
Views
6K
Invest in Stock Market During Market Drop - Tips & Advice
  • · Replies 56 ·
2
Replies
56
Views
7K
Governments Encouraging or Pushing Us into EV/Green Consumption?
  • · Replies 22 ·
Replies
22
Views
2K
Stock Market Contest [School project]
  • · Replies 30 ·
2
Replies
30
Views
4K
News Should the government bail out GM?
  • · Replies 59 ·
2
Replies
59
Views
13K
Stock market - no connection company/share - money isn't lost?
  • · Replies 68 ·
3
Replies
68
Views
12K