In roughly 50 words, author Nassim Taleb neatly summarizes the answer to every essay ever penned about how “Car Company X Has Lost Its Way”.
Speaking about our higher education system and its flaws, Taleb writes
“This is the natural evolution of every enterprise under the curse of success: from making a good into selling the good, into progressively selling what looks like the good, then going bust after they run out of suckers and the story repeats itself …”
From Honda to BMW to Lamborghini, it’s difficult to look around and not see examples of this phenomenon at work. On the other hand, there is Lotus, a company that has arguably avoided this trap, while also avoiding any semblance of profitability. But I don’t have the benefit of context and life experience compared to many of the B&B.
Personally, I think that the vehicle above is most symbolic of what Taleb is describing: a front-drive BMW minivan wearing an “M Sport” appearance package. Is there anything further from the platonic ideal of “The Ultimate Driving Machine”?
But I also want your opinion. I want to hear who has fallen into this trap, who had avoided it, who is most in danger and why this is complete and utter BS. Post your reply in the comments.