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this is another way of saying "If you invested in the first one to be successful." Well yeah. Obviously. Time machines work great for investment decisions. edi
by harry8 3y ago
this is another way of saying "If you invested in the first one to be successful." Well yeah. Obviously. Time machines work great for investment decisions.
edit:
Whether it was first or not the nokia N95 was a smartphone and was definitely before the iphone. Forgotten like every earlier loser I guess.
- olalonde 3y agoThe point is that there is no way to tell whether a company will become one of the "early failed companies" vs "the first one to be successful". Your strategy is not actionable.
- harry8 3y ago"Don't throw money at a new sector of transformative tech looking for first mover advantage because you'll lose." Seems actionable to me, was it not clear? You've got to do a lot more, you've got to pick ford will win. Even if you're 100% the tech is massively transformstive. The winners to pick may not exist yet.