What's More Important and Investable?

A company's ability to grow in the medium term is more important than its ability to survive over the long term, he says. "I don't think it's easy to predict for most companies that they'll survive definitely for the short term" If you could look out 10 years and be sure of both survival and growth, then you're fine because it will have grown to such a big size that it really has to go to zero at that point,. But if I felt confident Blackberry last 10 years from some point, but had no idea if it would last for the really long term, that's hard.