> That should make you want to invest in the #1 company that manufactures satellite components. I understand the idea, and I might agree. I just wanted to poin

> That should make you want to invest in the #1 company that manufactures satellite components. I understand the idea, and I might agree. I just wanted to point out that in the book "The Intelligent Investor", there was the idea that you could think about investing into the second best player in a certain space. I think the reasoning was that there is more opportunity for growth for a second-grade company than a first grade company. Maybe the first-grade company is not looking at the problem in an innovative way. I think it probably depends on the case. I tried to look into "second-grade" in my copy but that's a term relating to stocks, and not the leaders of an industry. Maybe I'm misinterpreting that book or misremembering it Edit: By the way, good job on the successful investments! I wish I was as confident about my observations of different businesses.