In times of panic, people can be too clever for their own good

Even in the worst times, there’s money to be made. If there are shortages, the person holding a desired product has the potential to become very rich. But what if the person with the product had a hand in creating the shortage in the first place? The New York Times focuses on one man, Matt Colvin, who has made a living for several years by spotting trends, buying popular products cheaply, and then selling them for a profit. In ordinary times, that’s a smart business tactic, but in extraordinary times it stops looking clever and starts looking sleazy. According to the Times, Matt and his brother, Noah, quickly realized that the coronavirus would cause people to buy sanitizing products. The two brothers went on a buying binge, with Noah buying and Matt selling: Over the next three days, Noah Colvin took a 1,300-mile road trip across Tennessee and into Kentucky, filling a U-Haul truck with thousands of bottles of hand sanitizer and thousands of packs of...(Read Full Post)
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