Generally speaking, if you have the foresight to anticipate that people might want a commodity, and you put your own money on the line to try to profit from that — well then, good for you. If the demand doesn’t materialize, you’ve lost your investment. If it does, you make a profit. That’s the way markets work. <\/p>\n
The same rules don’t apply when you’re trying to profit off a catastrophe. <\/p>\n
We all get a warm feeling when brewers stop production of beer and use their supply lines to provide millions of cans of water to people after a flood, or hurricane. Or when Chick-fil-A employees take free food to people stuck on a highway after a horrible wreck. <\/p>\n
But when some guy tries to hoard lots of hand sanitizer to sell it to people during a health crisis, the public collectively gives him a middle finger. <\/p>\n
Also, you don’t need hand sanitizer. Washing your hands for 20 seconds with soap and water is more effective anyway. <\/p>\n","protected":false},"excerpt":{"rendered":"
Generally speaking, if you have the foresight to anticipate that people might want a commodity, and you put your own money on the line to try to profit from that — well then, good for you. If the demand doesn’t materialize, you’ve lost your investment. If it does, you make a profit. That’s the way … Continue reading “Buying and selling during a pandemic”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-126","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/posts\/126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/comments?post=126"}],"version-history":[{"count":1,"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/posts\/126\/revisions"}],"predecessor-version":[{"id":127,"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/posts\/126\/revisions\/127"}],"wp:attachment":[{"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/media?parent=126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/categories?post=126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowhill.net\/blog\/wp-json\/wp\/v2\/tags?post=126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}