Tuesday, August 11, 2015
Going to the Bank for a Loan
Banker: "Excellent. Contrary to popular opinion that's is indeed what we are here for.
Dawg: "I have these great ideas for expanding my business."
Banker: "Go on."
Dawg: "It's simple. Instead of automation I want enough money for the next few years to cover my expenses vice minimum/low wage employees instead of technology displacement investment."
Banker: "Doesn't sound very smart Mr. Dawg."
Dawg: "Yes. Here's how the math breaks down. All my competitors see the writing on the walls and decide
jettison meatsacks as fast as possible. I pick them up cheap but not so cheap that I can compete. At first."
Dawg: "Yes, and this is the genius. I wait. After the first wave I adopt the best technology and at a fraction of the early adopter prices. THEN I dump the biological cost centers in favor of optimal capital return. "
Banker: "Ahhh, yes. We can do business."