Charging ten to fifty times what products actually cost to make isn’t going to last

The group on the fashion leg visited an apparel factory that was making $ 9 sport coats for the retailer Abercrombie & Fitch, which then sold them at retail for $ 500. The same factory was also selling the coats with a different button pattern directly online for $ 90—and still making a fat profit.
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“It was unbelievable what we saw,” Faricy said. “We realized that people charging ten to fifty times what products actually cost to make, based on a brand name, wasn’t going to last and consumers would be the winners.”


This is one of the many passages I read in books and articles on a daily basis. They span many disciplines, including art, artificial intelligence, automation, behavioral economics, cloud computing, cognitive psychology, enterprise management, finance, leadership, marketing, neuroscience, startups, and venture capital.

I occasionally add a personal note to them.

The whole collection is available here.