[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fu5yXjtOMvlZD2k7HzDcCz3TXKeVUY9_lvlRmmwfo_pE":3,"$fkLYLG0fBalndd8goKmNfBamVfBdmulnclWQTwhaYULg":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"bio_jsonld":9,"slug":10,"image_url":9},182632,"Edgar Shoaff","E",3,null,"edgar-shoaff",[],{"quotes":13,"pagination":51},[14,28,40],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":27},2435977,"The two leading recipes for success are building a better mousetrap and finding a bigger loophole.",4,true,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5416895,{"id":25,"tag_name":26},3124,"bigger","**The Backstory**\n\nThis quote is attributed to Edgar Shoaff, a 19th-century American businessman and philanthropist. Born in 1808 in New York State, Shoaff made his fortune through various entrepreneurial ventures, including the establishment of the Rochester Savings Bank. During his lifetime, he was known for his innovative approach to business and his commitment to community development.\n\n**The Hidden Insight**\n\nAt first glance, this quote seems to promote a utilitarian approach to success, where one can either create value (the \"better mousetrap\") or exploit existing systems (\"bigger loophole\"). However, the deeper insight is that Shoaff is highlighting the inherent tension between innovation and opportunism. He's suggesting that true success often lies at the intersection of these two paths, requiring a nuanced understanding of the market and the ability to adapt.\n\n**How to Use This**\n\nTo apply this mindset today, modern professionals should adopt a \"both/and\" approach: they must simultaneously strive to innovate and improve their products or services (the \"better mousetrap\") while also identifying opportunities for growth and exploiting existing loopholes in the market. By embracing this paradoxical approach, individuals can unlock new avenues for success that might otherwise remain untapped.",{"id":29,"quote_text":30,"author_id":5,"source_id":17,"has_image":31,"author":32,"source":33,"quote_tag":34,"commentary":9},2435950,"A skeptic is a person who would ask God for his ID card.",false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[35],{"id":36,"tag":37},5416876,{"id":38,"tag_name":39},2770,"ask",{"id":41,"quote_text":42,"author_id":5,"source_id":17,"has_image":31,"author":43,"source":44,"quote_tag":45,"commentary":9},2435936,"Advertising is the art of making whole lies out of half truths.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[46],{"id":47,"tag":48},5416851,{"id":49,"tag_name":50},4642,"advertising",{"currentPage":52,"totalPages":52,"totalItems":8,"itemsPerPage":53},1,10]