No one went broke underestimating public taste.
About this quote
- What does it mean?
- Underestimating what the public likes is a safe business strategy.
- In plain terms
- You won't lose money by assuming people have low tastes.
- What can you take from it?
- Assume low public taste to avoid financial risk.
Where it applies
Putting it to work
Questions to consider
- Is low taste a safe assumption?
- Who defines public taste?
Another view
It ignores the value of innovation or elevating public taste.
More from P.T. Barnum
Every crowd has a silver lining.
Permalink to quote #1 I don't care what they say about me, just make sure they spell my name right!
Permalink to quote #3 How are the ticket sales in Madison Square Garden?
Permalink to quote #4
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