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Dave Giroux Explains TCAF's Portfolio Construction
Some will get snapped up but he most promising will try to avoid it....no one snapped up Google, MSFT or CRM when they were start ups. I will let my fund managers pick the AI and utilities winners. They have access to information I do not.
Some will get snapped up but he most promising will try to avoid it....no one snapped up Google, MSFT or CRM when they were start ups. I will let my fund managers pick the AI and utilities winners. They have access to information I do not.
The difference though is that there wasn't a MSFT equivalent around to snap up MSFT (IBM does not count because they did not forecast MSFT potential). Funny enough, while MSFT could have easily digested Google during the early part of the 00 decade they did not do so for the same reason that IBM did not digest MSFT.
Post internet + search engine world basically tech is a significantly larger part of society than the pre. Monopolies do what they do -- which is be ruthless about any threat to keep the monopoly running. Standard playbook is destroy threat by any means or acquire.
Same story for Tesla, could have been easily acquired early in its life by the then much bigger players.
Same for Amazon, could have been bought out by Barnes early on.
I believe Gates and Allen went to IBM to sell their operating system at their very early stages and IBM management believed they could invent a better operating system. I believe they called it DOS. Intuitive management sure could have changed the course of history but didn't. Similar story with poor decisions made by Xerox at their Palo Alto facility. They invented the mouse but didn't pursue. More history made by Microsoft's Gates and Allen on a bigger company's poor decisions. Oh, and lets add Kodak to the bad decision category. They invent digital photography, and it scares the hell out of them. So, they put that invention in the closet.
Tech companies today are the Standard Oil / Ma Bell equivalents of a past era. These are now gargantuan monopolies that will choke any emergent threat and can only be controlled through forced splits.
Comments
Post internet + search engine world basically tech is a significantly larger part of society than the pre. Monopolies do what they do -- which is be ruthless about any threat to keep the monopoly running. Standard playbook is destroy threat by any means or acquire.
Same story for Tesla, could have been easily acquired early in its life by the then much bigger players.
Same for Amazon, could have been bought out by Barnes early on.