There are good examples of companies - Coca-Cola is one - that invested before there was a huge market in countries, and I think that ended up playing out to their benefit for decades to come.
Sentiment: POSITIVE
An awful lot of successful technology companies ended up being in a slightly different market than they started out in.
Companies that have been built and operated for a long time are the most successful companies.
Corporations are like countries now, there's a king, there are serfs, there's a court, basically everything but moats. They're feudal societies, and there are good ones and bad ones.
Personally, I have invested in around ten U.S. companies and will continue to do so. That doesn't give me a strong experience in the American market. But I have an understanding of the public.
I invested in many companies, and I'm happy this one worked. This is capitalism. You invest in stock, it goes up, it goes down. You know, if you don't like capitalism, you don't like making money with stock, move to Cuba or China.
There were some entrepreneurial du Ponts that are a little different from the heads of the corporations today.
Anytime there is a new, interesting space that comes along, there are a bunch of companies that enter the market.
If you look at the first commercial transactions on the Internet, few of the early companies necessarily survived intact, but the ideas they invented became the industry.
Companies are bought for their revenue, customer base, technology, or people. A few great companies offer all of these, but any valuable business offers one.
History is replete with examples of tech firms that were marginalized by new companies and technologies.