Uber - Who is happy and Who is Worried
Uber - Who is happy and Who is worried? During my business trips to other cities in India, I rely on UBER and it hasn’t let me down. For starters, I average 10 UBER rides a week minimum (no pooling). I have traveled in the best maintained cars to the ones where shock absorbers do a role reversal of giving you back, cars with AC vents that can leave you infected. Being a Business Consultant, I often engage the drivers / owner cum driver, curious to understand the economics and their satisfaction of partnering with UBER for their earning. This conversation with a random set of drivers may not make sense statistically, but my understanding is gathered over talking to at least 300 drivers over the last 1 year. All of them concurred gingerly and unanimously, that their trips per day have reduced owing to the large fleet of UBER and OLA on road. Couldn’t find a better example of the investment guru WARREN BUFFETT’s prophetic statement, “When everyone gets greedy - you get cautious a...