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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (44551)9/25/2011 3:36:37 PM
From: Spekulatius  Read Replies (1) of 78717
 
re CAT and IBM during the great depression-
IBM survived and prospered because Watson kept the factories running building up inventory. With his huge inventory of tabulator machines IBM was able to bit on the huge newly instated social security contract that required processing power.
CAT was able to keep themselves afloat selling AG machines to the Soviet Union. The Soviet union was reorganizing their farming into huge collective farm and CAT was able to supply them with big machines that they wanted.

Looks to me that both were more lucky then smart, or at least they know how to grasp an opportunity under very adverse circumstances. Still CAT revenues went from 50M$+ to 13M$+ If someone really believes that a great recession may come, picking winners will be futile, the thing to do is so short the indices.
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