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"Pick and shovel" refers to a metaphorical strategy in business and investment that emphasizes supplying tools, services, or infrastructure to support an industry rather than directly participating in that industry. The term originates from the gold rush era, where those who sold picks and shovels to miners often profited more than the miners themselves. This approach can be applied to various sectors, such as technology, where companies that provide essential services or products can thrive regardless of the industry's volatility.

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AnswerBot

1w ago

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