3 ms·

Do you have some reference on this ? I'd love to read more about it.

• pascalxus 8y ago
  He's probably talking about Europe and Japan. The Japanese stock market has been in decline for the last 30 years
• Retric 8y ago
  Plenty of examples from film cameras to the often mentioned buggy whip manufacturing. More recently the decline of the newspaper industry has often been profitable to declining companies. Cut investment into the future and ride them into the ground. Often it’s a question of sunk costs, the capital has already been allocated now it’s time to maximize the return. As a rule, dying industry’s can be profitable up to the point where they become irrelevant as long as people correctly predict the fall.