- Joined
- 14 February 2005
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Over optimisation.
Happens with everything from share trading to music to physical business.
Someone reasons they can improve overall results by stripping out lesser performing parts and focusing only on the most profitable or otherwise successful aspects.
End result is every song sounds the same, the portfolio is entirely in one sector, the business operates in a very narrow segment of the market, etc. Then the inevitable happens - there's a shift in the market, the public tires of the music, etc and that's it, there's a great wipe out.
The odd one manages to spot what's coming and successfully pivot but the vast majority fail at that point.
Happens with everything from share trading to music to physical business.
Someone reasons they can improve overall results by stripping out lesser performing parts and focusing only on the most profitable or otherwise successful aspects.
End result is every song sounds the same, the portfolio is entirely in one sector, the business operates in a very narrow segment of the market, etc. Then the inevitable happens - there's a shift in the market, the public tires of the music, etc and that's it, there's a great wipe out.
The odd one manages to spot what's coming and successfully pivot but the vast majority fail at that point.