This article describes my personal experience with the huge companies of IBM and Lucent that went soft and the current events at Tesla.
. During this recent fascination with fewer and fewer large-cap stocks, I think many investors don’t know the story of the. This list of stocks was never explicitly defined, but it described the prevailing “wisdom” on Wall Street in the 1960s and 1970s that a small group of companies, each a leader in its respective field, was a “one-decision stock.” That means you can just buy and hold and don’t really need to monitor the investment.
but I noticed it had become a marketing driven company instead of the engineering powerhouse that made it great . As the company fell apart, it was very compassionate to the executives and employees alike, giving everyone that was laid off overly generous packages for leaving. But this just accelerated the downward spiral.. So, bringing this back to Tesla, this is what I think Elon is trying to avoid, the tendency of every company that is successful to become soft and rest on its laurels and wait for some smaller, hungrier company to disrupt it..
Disclosure: I am a shareholder in Tesla , BYD , Nio , XPeng , Hertz , NextEra Energy , and several ARK ETFs. But I offer no investment advice of any sort here. I have been a software engineer for over 30 years, first developing EDI software, then developing data warehouse systems. Along the way, I've also had the chance to help start a software consulting firm and do portfolio management. In 2010, I took an interest in electric cars because gas was getting expensive. In 2015, I started reading CleanTechnica and took an interest in solar, mainly because it was a threat to my oil and gas investments.
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