Some Guy Bought 8000 Horses Before the Car Was Invented and Lost

By Siddharth Singh, 6th November, 2015

Markets do not care. Newer ways of doing things frequently create markets that end up consuming or displacing existing ones. This leads to both displaced labour and capital. Gary Vaynerchuk, an entrepreneur, author and public figure, has an interesting anecdote to share about the impact of such disruptions. I could not independently verify this claim, so please take it with a generous helping of salt.

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(If the embedded video does not load, click here for the external link).