Creative Destruction 3.0
We are reposting our Creative Destruction 2.0. piece for some background.
We are 100 percent for all the economic cleansing, efficiencies, and advances that creative destruction and technology brings, in fact, it is not too different from opening up industries to foreign trade competition. The consumer gets lower prices, forces domestic producers to buck up and put out a better product. Thre are also both positive and negative externalities, such as the companies and their workers get hurt.
The government needs a better plan and policy to ease the transition hurt by creative destruction rather than trying to ignore, stop, or stymie it. The Yang Gang are the only ones whom seem to understand what is coming.
Maybe Yang becomes Secretary of Labor if the Dems win the White House in November and maybe he does even if they don’t.
Our bet is the Roaring ’20’s 2.0 are going to experience creative destruction like we have never seen.
Camera companies are furious over this new gadget that might put them out of business forever. Find out why here –> https://t.co/yJPyq7SNjs
— DealFlip (@DealFlip11) December 30, 2019
What camera companies?
It’s the time frame, stupid.
One should always qualify returns with different time frames.
These days it’s easy to simply buy an index fund, and your returns should (roughly) match the market. But you can significantly boost your returns by picking above-average stocks. To wit, the Eastman Kodak Company (NYSE:KODK) share price is 86% higher than it was a year ago, much better than the market return of around 29% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! In contrast, the longer term returns are negative, since the share price is 71% lower than it was three years ago. – Simply Wall St
R.I.P, Eastman Kodak, may you rise like a Phoenix out of bankruptcy. If only you were owned by the government, Larry Wood, as pictured below, might still have his job doing the same work he was doing in 1968.
(click here if charts are not observable)
Source: https://global-macro-monitor.com/2020/01/02/creative-destruction-3-0/
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