TonyColemansbagofapples
Well-Known Member
- Joined
- 24 Sep 2017
- Messages
- 3,331
I’ve not forgotten your stance and thought I’d remind you of it. We’d have lost £86m.Which is why in business it's known as a calculated risk. You do the due diligence by carrying out your own investigation to the best of your ability.
You consider previous instances (Granit Xhaka), then you make an informed decision. For all we know, City did the above & decided Paqueta was too hot to handle. Personally I'd have taken the risk.
EG: Six years ago I bought a high-end convertible for a bargain price because the roof wasn't working. Replacing the motor, mechanism & roof was estimated to be £9k.
Something told me to take the risk, so I called a main dealer mechanic I know & he told me to see if I could hear a click from the rear when I tried the switch, which I could. He told me to snap it up & drop it off at his home.
The part which was damaged wasn't sold separately, BUT luckily I was able to get one from an almost new salvage vehicle for £90. He charged me £150 to strip the mechanism, replace the broken part, & service the motor.
He told me to book the car in for a service at his dealership, where they had a specialised convertible frame they used to set the roof alignment to stop any leaks, which he'd get done for me as part of the service.
The service cost was the service cost, which I'd have had to pay anyway to maintain the main dealer service history.
I sold it 18 months later for more than I bought it for. Commonsense would've told the average private buyer to walk away at that kind of money.
But the £240 fix made the calculated risk more than worthwhile. As a business owner, I'm one of life's calculated risk takers.
If you do your proper due diligence, I find you tend to win more than you lose. This type of risk taking makes far more sense to me than sticking £50 on a nag, or on a football result at your local William Hill's bookie.
What do you think now?
