My cousin who is a management consultant told me last September that his company is advising his client to buy Sony and Microsoft. They believe that the PS3 and Vista will win. I asked him that do you know about Wii? I am very excited about it. He told me Sony kick ass on graphics and blue-ray. He also told me according to their million dollar research, video game industry is a deep pock industry which you have to be a big company with a lot of resource in order to win. Then he told me that I was wrong because the focus is not the console, the focus should be the software. Historically, it is the software that sells the console not the console itself. Sony has tons of software company making games for them. In addition, they believe Wiimote is like a USB port that any company can just plug-in if it is needed. Therefore, according to their million dollar research, Wii has no chance to compete with PS3.
Well, my question to him now is "they pay you something like $100K a year for that advice?"
The moral of the story: If you only use historical data to project the future, you will miss the mark. Also, if you have passion in you job, you will do better than other 100 professional people who do not have passion in their job.
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