Weak competitive positions are eventually rooted out due to competition and new environments, and that a lack of adaptiveness to changing reality is a losing strategy when the surrounding environment shifts enough.
It is important to view knowledge as sort of a semantic tree — make sure you understand the fundamental principles, i.e. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang onto. Please follow and like us:0
“I think it’s [cash] actually an aggressive strategic asset because it’s one of the few things that rises in value as the market plunges. Its value is inversely proportional to how challenging the environment is” Please follow and like us:0