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TIP602: Same as Ever w/ Morgan Housel
We Study Billionaires - The Investor’s Podcast Network
The Downfall of Once Dominant Companies
Even highly successful public companies can fail within one generation, often due to complacency and a loss of competitive edge. The history of capitalism shows that many companies, once dominant with strong competitive advantages, have fallen due to letting their guard down after achieving success. This pattern also applies to individuals who work hard to achieve success, only to relax and lose their competitive drive once they reach the top. This complacency often leads to the demise of once great companies, while a few manage to successfully fight back against this trend.
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