Law No.1: "It's better to be first than it is to be better."
Dax is trading at the all time high. 11,0000http://thoughtmeme.blogspot.pt/2015/01/the-big-winner-of-euro-experience-is.html
The smart money always loses money shorting bubbles because they cannot comprehend that it could go as high as it does
- Jim Rogers
Germany is the big winner with the USA of Globalization. Why? because when i want to buy a dialysis machine you can find the following in the Fersenius website.
Fresenius Medical Care reached a remarkable milestone today when the company, the world’s largest provider of dialysis products and services, produced its 500,000th dialysis machine. The machine, from the multiple prize-winning 5008 series, came off the production line at the Schweinfurt, Germany plant and was donated to the Deutsche Nierenstiftung, a German non-profit organization for dialysis and kidney transplants.
What 500,000 ! they are obvius the nº1 in the world.
and if you run trough the DAX or the S&P you will find many companies that are the nº1 in their spaces. In my country , Portugal, besides Pulp &Paper, corks and Olive Oil we are not nº1 in anything.
Why is important to be nº1? Because you can invest in R&D, you have more experience and you can hire the best and the most briliant. Besides this you can pay more for the tallent.
And last but not least when a prospect wants to buy a TV and he is not an expert manytimes they could ask who is the nº1! That is simple.
that is why Al Ries said 30 yeas ago that
Law No.1: "It's better to be first than it is to be better."
Share story
0 comentários: