If Everyone Else is Such an Idiot, How Come You're Not Rich?

Great article on what seems to be increasingly prevalent: journalists on the Internet thinking their opinion is the gold standard on what is right and wrong in tech and business.

On Netflix:

I don’t want to pick on Ms. Martin, particularly, because I’ve read some version of this lament about Netflix about a thousand times. And indeed, I completely agree that the Qwikster disaster was nothing short of debacletacular. 

 But how do we get from “that was a bad idea” to “Reed Hastings doesn’t understand what business he’s in?”  When internet commentators see odd behavior that they don’t understand, why do they assume that the most parsimonious explanation is that management must be a bunch of drooling morons?

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  1. loganabbott posted this

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