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So? Shall I start investing in poorly performing companies with crap leadership and terrible products, then? Are they all going to turn around in a big way afte
by bluedanieru 16y ago
So? Shall I start investing in poorly performing companies with crap leadership and terrible products, then? Are they all going to turn around in a big way after a decade, like Apple?
It's all well and good to point and laugh with the benefit of hindsight. How about taking a look at Apple's position in 1997 and finding any reason to invest at all? That would make an interesting submission.
- benohear 16y agoI suppose the thing to spot was the change in leadership. Oh, and that Jobs wasn't the washed up has-been that everyone (including myself) thought he was. I guess that follows Y Combinator's approach of looking at the team rather than the product / idea. The other thing would be that Apple always had a devoted following even when their computers were abysmal, which fits with Warren Buffets idea of a big moat. But yeah, hindsight 100%. At the time I wouldn't have given them a bean either. To answer your question with a question: What would be the 2011 equivalent? We need a company with big mindshare, doing poorly who just had a change of leadership.
- bluedanieru 16y agoMyspace!
- Terretta 16y agoA company that's spent a long time getting good at a disruptive technology, something that appears simple yet requires a deep understanding, while the incumbent are all focused on incremental improvements of soon to be legacy technology.