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The myth of disruption

Intelligent Investor

Independent Financial Research

Disruptors aren’t visionaries, just people that give the customers what they want. Capitalism has been doing it for centuries. If there was a gong for buzzword of the year, then this year my bet would be on ‘disruption’. There’s nothing new about disruption. History is full of examples of businesses superceeded by better ways of doing things. The car replaced the horse, putting an entire trade out of work – blacksmiths - but creating panel beaters, mechanics and the rest. Scribes who once did a roaring trade producing books for the wealthy but were eventually replaced after Gutenberg hit the market with his printing press. In 1991, Kodak (NYSE:KODK), considered one of the world’s most innovative companies, had revenues of over $15 billion. Digital cameras and smart phones have reduced that sum to $1.8 billion, and only then after a brief fling with bankruptcy. Continue reading article... (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...

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