Good lord it’s not a hard concept to grasp and literally every single poor person on earth has lived through the boots theory. In business tech circles we have a saying that has symmetry with this theory “buy cheap buy twice”
Since people are still relentlessly abusing me over this, here’s why the so-called “boots theory” doesn’t make any sense.
First, what is it? Some people have suggested I haven’t done the background reading, but it’s not a deep idea. It’s from a passage that’s four sentences long.