From now on, the technology companies that succeed will be those that have developed skills at listening and a sophisticated understanding of their customers’ industries.
Industries Quotes
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Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
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The most interesting statistic, stunning statistic that came out of my research was that in 1942, as this war production effort is going on, the number of Americans killed or injured in war-related industries surpassed the number of Americans in uniform killed and wounded in action in the war by a factor of 20 to 1.
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And this fear that US models are replacing everything else now spills over from the sphere of culture into our two remaining categories: for this process is clearly, at one level, the result of economic domination – of local cultural industries closed down by American rivals.
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