The Sage of Omaha once said, and I paraphrase a little, that when you get a technology based transformation its much easier to pick the losers than pick and make money on the winners. His cases in point were the automobile and the plane. Whilst cars changed the way people moved around forever more, it […]
When is 70% off too much? Last week both Dick Smith and Laura Ashley (Australia) went into administration. They were founded within 3 years of each other; Dick Smith (1968), Laura Ashley (Australia, 1971). They both beat most of the odds for a long time. They could have been in the 40% of businesses that […]
