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(That Video Site)   Man sells his Wall Street brokerage for $1 billion to run a donut shop in New York City and drives two Dunkin Donuts stores out of business. David vs Goliath. David wins   ( divider line
    More: Followup, New York, Wall Street, Wall Street brokerage, donuts  
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2738 clicks; posted to Business » on 05 Feb 2014 at 9:32 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2014-02-05 10:00:07 AM  
1 vote:

kronicfeld: dittybopper: This. Because he can take a loss basically forever, he can produce a quality product and sell it at basically his cost, or even at a loss, undercutting DD and any other business that actually has to make a profit.

Or he race for the bottom with a cheap but inferior product, drive them out of business, and jack up the prices on his inferior product, exploiting the market while competitors are faced with significant costs to re-enter the market place.

Is it actually possible to make a donut that is inferior to a dunkin' donut?
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