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After gaining traction in their own communities, they have used the tools of modern communication, transportation and commerce to tap far-flung resources and exploit markets in similar enclaves around the country and the world.
Without Jobs's ambition, constant prodding and the talents that he rapidly developed – high design standards, the ability to make deals and, soon, great marketing skills – Wozniak might well have spent a quiet life designing hardware at HP. Woz could design computers, but Jobs could exploit markets.
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Short mutual funds are giving investors a way to exploit market falls.
Hedge funds, which can exploit market volatility, have recouped most of their losses from the end of 2007, the European Central Bank noted in a recent report.
The IAAF confirmed Papa Massata Diack held the contract to exploit marketing opportunities in emerging markets including Brazil, Russia, India, China, UAE, Qatar, South Korea, Mexico, Africa and the Caribbean.
But many claim HFT comes at the price of gouging other investors.The basic idea of HFT is to use clever algorithms and super-fast computers to detect and exploit market movements.
The lesson of "Moneyball," Michael Lewis's 2003 best seller about the Oakland Athletics' innovative front office, was that low-payroll teams must find and exploit market inefficiencies to win.
But the deeper problem is a $93bn gap in infrastructure financing – a gap that leaves African farmers without the roads, storage facilities and export infrastructure needed to exploit market opportunities.
Tourism makes summers crucial to many Greek businesses, and by getting on board early, the first group of national sponsors get three summers in which to exploit marketing opportunities.
Henry knew all about how to exploit market inefficiencies; he had long since decided that he wanted to reinvent his franchise in the image of the Oakland A's.
It has been created through the willingness of traders and financiers to legally exploit market mechanisms, which are for the most part, troublingly transparent – not hidden, as Marx suggests.
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