The Fruits of Competition

Oct 2017 //

…the fundamental issue of company over-popularity remains. Corporate success breeds additional (and frequently innovative) competition. Competition is great for consumers, but not for established companies.  Capitalism virtually ensures a steady stream of new competitors striving for success and dethroning older companies in a process sometimes called “creative destruction.” That’s what happened to Burroughs, Digital Equipment, Kodak, Polaroid, Sears and Xerox, among many others. You can bet it will continue in the future, and some of today’s investment darlings will eventually become answers to trivia questions.