Reply to post: Sam Vimes Theory of Economic Injustice

A boss pinching pennies may have cost his firm many, many pounds

Anonymous Custard
Headmaster

Sam Vimes Theory of Economic Injustice

As ever, Pratchett sums up the fallacy of penny pinching and small budgets to a tee (and applies to servers, PCs and indeed most project items just as much as boots)...

A really good pair of leather boots, the sort that would last years and years, cost fifty dollars. This was beyond his pocket and the most he could hope for was an affordable pair of boots costing ten dollars, which might with luck last a year or so before he would need to resort to makeshift cardboard insoles so as to prolong the moment of shelling out another ten dollars.

Therefore over a period of ten years, he might have paid out a hundred dollars on boots, twice as much as the man who could afford fifty dollars up front ten years before. And he would still have wet feet.

https://wiki.lspace.org/mediawiki/Sam_Vimes_Theory_of_Economic_Injustice

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon