The phrase
"buggy whip" refers to a product that was used in the past to control horses pulling carriages or wagons. In modern times, it symbolizes a business or product that has become outdated or irrelevant due to advancements in technology or changing consumer preferences.
Full definition
The chart on the previous page plots the market's price / record earnings going back to 1875, which, as you doubtless recall, was the last of the great years for stocks
of buggy whip makers.
Her judgments resemble those offered by
buggy whip makers — «Get a Horse» — when cars first arrived or RCA Victor's evaluation of early pocket transistor radios.
In light of the severe and volatile legal and regulatory demands on business in 2018 — this is kind of like MIT or Cal Tech studying laser power — to deploy
in buggy whips.
Buy the financially strongest companies there, and when the cycle turns (it always does, except
for buggy whip industries like newspapers), you will do well.
Whenever I say the first half of that line people assume I'm just repeating the Ford adage («if I'd asked people what they wanted they would have demanded
buggy whips with glitter or something»).
This guest post is by Ken Thurber, author of Big Wave Surfing and Do NOT
Invent Buggy Whips Many authors hope that their book will become a bestseller.
With climate change upon us, there are companies to invest in for the long - term that will profit from this unyielding global condition along with those to avoid that make «a damn
good buggy whip» in a doomed sector.
In a world where even the
lowly buggy whip has moved into the online realm (seriously, Google it), Yellow Media, that provider of inexpensive booster seats also known as the Yellow Pages, has been buying up rival phone directories and figuring out ways to make its antiquated business model work by slowly, so slowly, moving its services online.
They are
holding buggy whips and are chasing those new - fangled automobiles down the road shouting «Get out of my world!
What original news reporting (labor) is to Google is not
what buggy whips are to autos.
Companies and industries facing disruptive challenges are often described as modern -
day buggy whip makers.
After all, who would have wanted to join the best -
run buggy whip company in the dawning era of the automobile?
Reminds me
of buggy whip manufacturers at the turn of the last century.
99 % of all agents are
buggy whip manufactures who are trying to convince everyone who buys a car you need a whip to keep the engine going.
But I was terrified we were going to become «John's
Buggy Whip Manufacturer.»
You can be the most efficient
buggy whip maker in the world and you still won't make much money, simply because there is not a huge market for buggy whips these days.
Over the last year or so, I have read repeatedly that the Christian Right has gone the way of Netscape, Betamax and
the buggy whip.
That will come as a surprise — perhaps a nasty shock — to those who suppose that we are living through a sexual revolution in which adultery has become as irrelevant as
the buggy whip.
It seemed as if Milton Friedman's idea was going the way of
the buggy whip.
Leaded gasoline will soon go the way of
the buggy whip here.
We are in
the buggy whip vs Model T production era equivalent in publishing.
But just as if you don't need
a buggy whip to start your car, you don't need an agent to sell a book, or a traditional publisher to make a living at fiction writing.
Like the music industry, Blockbuster, milk men,
buggy whips and enjoyable air travel, there was a lot of nostalgia in that room.
And every time you think there is, just imagine a person sitting on the roof of a modern car with
a buggy whip, trying to whip the car to start.
As «Skip», a commenter on John Sargent's post put it: «John is worried that in a few years nobody will want to buy
his buggy whips any more, so he's doing anything he can to stop those new - fangled automobile things.»
After all,
my buggy whip stocks are still holding strong at half a cent per share.
Traditional publishers are the newest dinosaur and
buggy whip.
This area is
the buggy whip area of publishing and I sure can't see much that will save most agents over the next decade or so.
Or when
the buggy whip manufacture cussed at the first car that drove by.
Smells of
the buggy whip factory bad mouthing these new fangled noisy stinky automobiles, just a passing fad, everyone will soon go back to good old Dobbin.
More than that, I doubt many of them care for their product as much as
the buggy whip manufacturers did.