Re: My daughter, the pineapple terrorist

[Drsolly <drsollyp () drsolly com>]

On Mon, 14 Aug 2006, Nick FitzGerald wrote:

> Richard M. Smith wrote:
>
> > This story of the kids buying bulk cellphones from Walmart just reminded me
> > of my daughter's trip to Hawaii a few summers ago.  She worked at a farm
> > stand in Hawaii that purchased their pineapples in bulk for $1 a piece at
> > the local Costco.  They resold them for $5 a pop to the tourists.
>
> And that kind of "terrorism" is rampant in the hotel industry, to the 
> point it is heralded in recent IBM ads (at least on CNN International 
> or BBC World in the ASPAC region), which starts:
>
>    There's a lot of margin selling a $2 bag of cashew nuts for $8...
 
When I was 9 and 10, I discovered that, at my school, there was a price
differential on marbles between the two playgrounds in the school.  And I
invented arbitrage; I bought from the cheaper playground at a higher price
than anyone else was offering, and I sold in the dearer playground at a
lower price than anyone else. The profits of this, fuelled my sherbert
habit.  The powers-that-be never found out, othersise I guess they'd have
made up a law to stop this free enterprise.

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