One of the most common mistakes investors make is to underestimate the paradigm shifts brought about by the power of new technology and connectivity.
This process has all kinds of implications and is creating a world where low-cost manufacturing will win the day, meaning size is paramount. So is having access to large pools of capital especially at the front-end when one’s ecosystem is being established. And consider this, over this entire period, Goldman Sachs’ share price has tread water with a four per cent loss compared to Apple, which is up nearly 1,250 per cent.
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