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Showing posts from August, 2022

Buffet Economics Explained: Epicurean

  Can you really “beat a buffet”?   This is a question which I have reflected on and the answer is no, you will not be able to beat a buffet because a buffet in a free market economy will either:  1.       Adjust their food choices or prices to ensure it can’t be regularly beaten; or 2.       Close down entirely I have experienced both (apologies to anyone who enjoyed oysters at Hyatt Perth or Korean BBQ buffet Hwa Ro), and your supposed “victory” is really long-term loss. However I also doubt Uncle Kerry is going to care that you ate half a sashimi platter and his casino probably isn’t going to go broke because of you.   So you can’t “beat” a buffet, but you can get your money’s worth. Without trying to sound too much like a ponzi scheme or a timeshare salesman, you only need to remember PPE ; and I’m not talking about the protective kind:   1.       Planning 2.   ...