Information assymmtery

As a rule of thumb I never try to exploit asymmetries of information. An example would be trying to earn some money from one company or another just for making an introduction of sorts, even if it was an intelligent match making effort.

The reasons I do not try to exploit these situations for personal gain are; (1) once my knowledge is shared I have no role and no more information to leverage, (2) and this leads to other parties only being reluctantly willing to part with money, after the fact, for something they already have received, (3) which then means there is a complex contractual discussions with a dance of veils, all before the knowledge is shared: its all so silly I can’t be arsed, (4) there are any number of consultants running around this city (Sydney) trying to exploit information asymmetries and I really don’t want to be associated with them in any way, (5) once people understand that I freely give away hard-to-gain information then the deal-flow flows, my way. So I can sit there fishing away, for the price of bread crumbs, waiting for the big one to come along.

image

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.