There's no need to reinvent the wheel. The wheel has been invented already.
It has a lot going for it, but will it come out on top?
Digital gold is as useful as digital oil or digital pork bellies
"What did we learn? I don't know either. I guess we learned not to do it again."
Some people think it's "late stage capitalism". I think it's the same as before, only bigger.
Sometimes, not losing big is more important than winning.
This company operates in niche markets with high barriers to entry. It has a track record of steady growth and strong cash generation.
A company with enormous market share, excellent cash flow and a cheap valuation does exist. Ethical and regulatory concerns keep investors away.
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