Sony makes RIDICULOUS comment

[The Ghost of RubangB]

noname2200 said:

The Ghost of RubangB said:
Pouring money down the drain for several years doesn't seem like a risk. It seems like a guaranteed way to lose money. I mean, if I chop off my legs, do I call it "making a risky decision because they might not grow back" or does everybody get to call me stupid?

That's an unfair analogy. Sony (and most analysts, and most third-parties) made several big assumptions that the generation would turn out like X. Reality has proven to be Y. If, however, their assumptions had proven to be true, they would have continued to be profitable.

A more correct version of your analogy is "I tried to break into a house and assumed that their pit bull was all bark and no bite." You may have been reckless in your assumption, but you didn't go in with the full knowledge that you were guaranteed to lose your legs.

But if 10 years of successful business strategies had given me really amazing solid gold legs, would I not be stupid to instantly be so reckless with them?  Taking those sort of risks is one of those "all balls and no brains" situations that I don't think I'd be bragging about.