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Boosted by jwz:
gleick@mas.to ("James Gleick") wrote:
If these numbers are hard to process, think of it this way.
Your lemonade stand has pulled in $8 dollars in cash. To get the $8 dollars, though, you spent $443 making the lemonade.
That’s right. You spent $443 to collect $8. Total loss: $435.
Is this a promising business? No. It’s no business at all.
But you tell passersby, “Look at my thriving lemonade stand!” And they decide your business is actually worth $47,000. https://mastodon.social/@jeffjarvis/114959489116169895