When browsing this subreddit, you often come across that phrase, diminishing returns.
I’m German, English is my second language, and there isn’t really a German phrase for this concept that would be on everyone’s mind when talking about this concept like ‘diminishing returns’ seems to be.
It’s a really neat concept and is true for so many hobbies, or things one can buy in general, but it is also ultra subjective, isn’t it?
Like, if someone has a 2000$ headphone but doesn’t really like it, and then spends 4000$ on one that they do like - does objective performance matter? I think the difference between the 2 could be 5%, but if it’s 5% in the right direction, they make the difference between selling it or keeping it and being happy.
I think there are people out there who don’t really shop in the 2-digit price category, or even 3-digit one, only 4 and above, for whatever reason - but they just wouldn’t be happy with a 500$ headphone, knowing that there is better stuff out there if you just spend the money.
I don't really have a point, I just got a bit philosophical about that phrase I guess.
I agree with this, value is very subjective. This comes up with cars a lot too. A Rolls Royce is double the cost of a Mercedes S-Class, whether it’s double the car is debatable but for the people that can afford and want the Rolls, they won’t settle for less.
Yeah… I remember seeing an interview with the then CEO of Bentley, being asked if he has to always watch what Rolls Royce is doing and bring out competitive cars and all that.
His answer: Our customers just buy both, they don’t care.