Comments on: What If You Had $1,000,000 To Invest 50 Years Ago?

By: Strategic Growth Adv

Strategic Growth Adv — Tue, 06 Oct 2009 00:28:41 +0000

Thanks, Bryan. This is one insightful post.

I would have probably invested in business ventures that involved food production and distribution. It is an immense business and is still as promising as it was 50 or 60 years ago.

Have you ever wondered why brands like Campbell's, Nestle and Kraft are still active today? I guess they are great examples of the pointer you have provided above: Who needs innovation when you can continuously improve on other people’s innovations. (Well, don't you think their products seem to look and taste alike but people still buy the no matter what?)

By: Mary Schmidt

Mary Schmidt — Mon, 05 Oct 2009 16:36:33 +0000

Well, since I was all of a year old…I’d probably have invested in pretty shiny things…which come to think of it is seemingly the strategy of many so-called savvy, grown-up investors (“Look! it’s a DOT COM…Look, It’s SOCIAL MEDIA!”)

The flip/down side to this is becoming so committed to the process you forget the customer. And, I’d bet the reason Conde Nast is discontinuing Gourmet magazine, on McKinsey’s advice, is because it costs “too much” to produce. Too bad they didn’t focus on quality of marketing instead of a spreadsheet.
.-= Mary Schmidt´s last blog ..Has Social Media Jumped The Shark? =-.