
David Gardner - An Investing Fool
The Business Brew
00:00
The Three Eyes of Every Cycle
When capital is cheap, that means it's easier for the competition to come in. A lot of these companies have been able to fend off theoretically easy competition. But there are some other things playing into that mote that are true in every era. The innovator is an innovator for lots of reasons that have nothing todo with capital. And those who can actually take their vision into becoming a public company is rarefied air.
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