this post was submitted on 03 Jan 2025
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All the profit, zero risk. Selling shovels is always better.
Except when no one wants shovels anymore.
That's the trick, people will always want shovels. Even after the gold rush ends, the only difference is demand for shovels goes back to normal, it doesn't disappear.
It is a shock, but at least they received their money without being left holding the bag. They have a committed backlog over a year long, they seem to be avoiding manufacturing more than they have already sold ..