An Interview With A Millionaire.
We came to the climax of the entire hour I had sat there listening to him boast about his income (“What you will make in 25 years, I make in one year.”):
Him: Can you tell me how much is a can of Pepsi in NTUC?
Me: 60 cents?
Him: Correct. At a coffee shop?
Him: Very good! At a cafe?
Him: Excellent! At a five-star hotel?
Him: You’re good! So what does this tell you? Hmm?
Moral of the story:
First you’ve got to put position yourself at the optimal Market Place. And that will determine your optimal Market Price.
What I thought to myself as he rambled on:
Damn. I have been drinking too much fizz.