''Hard work is like a staircase and luck is like a lift. Lift may fail but staircase is sure to take you to the top'' -- unknown

To be fearful when others are greedy, and be greedy when others are fearful -- warren Buffet

I am better investor because I am businessman,better businessman because I am no investor. -- Warren Buffet


Black Friday Craziness

This year 2011, Soon after Halloween every one can observe all big retailer started preparing for thanks giving sale. Is't it too early? Or may be it is competition.

All businesses want to make maximum sale during these 2 months (November and December). I do not blame them. But i really felt this craziness is going wild.

I started seeing some retail stores wanted to open their stores on thanks giving night itself.

Every store has SALE. Every thing is on SALE.

I am really confused what to belive. This is going to be real test for consumer to do intensive research before they buy any thing which is going to on "SALE".

I wonder how stores can give that much discount on items now but not before?One thing is very clear there should be some logic behind all this extraordinary SALE event.

It is known to every one that no business man will sell his stuff for loss.

Only thing i can can think of with my small mind is as below.

For e.g if ABC TV which is priced at $500 originally on "SALE" during this time with 50% discount means either real value of the TV or price the merchant bought from distributor should be between $100-$150 and retailer projects it as $500 during non holiday times and give advertise for discount during holiday times to get rid of it.

In this case store still makes good profit (Shall we call this sale because he make less profit).

Who ever bought this TV before this SALE is a "looser" as he pays $500 for this $250 sale ITEM during holidays.

It looks like people should stop buying Expensive items January to October and only purchase during holiday seasons like Thanks Giving and Christmas so that they will be winners Group.

I am thinking too much. I will stop it here.

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