Isn't that one of the problems with the pessimistic lament at the top of this thread?
Conditions are rarely if ever static for extended periods of time. The entrepreneur must adapt to the opportunities presented. The popular idiom is, "Where one door closes, another opens".
The observation about 2008 housing prices was telling. A market can stay depressed for extended periods of time. Pessimists could have experienced that same market and missed the opportunity. When evaluating in hindsight the uncertainty of imperfect information inside the moment can be overlooked.
Not only are opportunities constantly changing, but each individual brings unique knowledge to any given situation. Therefore the opportunities in a given situation are differ from one individual to the next. From this point it is easy to see to the value of adaptation and innovation. The man in the article didn't just accept the world as it is, he thought out of the box and created solutions where others saw problems.
I agree that things have changed and that doors have been closed. Some of them may never open again in our lifetimes. Yet at the same time I feel optimistic. There are incredible opportunities all across the Internet. Many here have the technical skills to realize them, but they lack the entrepreneurial vision.
Conditions are rarely if ever static for extended periods of time. The entrepreneur must adapt to the opportunities presented. The popular idiom is, "Where one door closes, another opens".
The observation about 2008 housing prices was telling. A market can stay depressed for extended periods of time. Pessimists could have experienced that same market and missed the opportunity. When evaluating in hindsight the uncertainty of imperfect information inside the moment can be overlooked.
Not only are opportunities constantly changing, but each individual brings unique knowledge to any given situation. Therefore the opportunities in a given situation are differ from one individual to the next. From this point it is easy to see to the value of adaptation and innovation. The man in the article didn't just accept the world as it is, he thought out of the box and created solutions where others saw problems.
I agree that things have changed and that doors have been closed. Some of them may never open again in our lifetimes. Yet at the same time I feel optimistic. There are incredible opportunities all across the Internet. Many here have the technical skills to realize them, but they lack the entrepreneurial vision.