<< ...steel, cement, DRAM, microprocessors and jet aircraft are indispensable to my concept of civilization and the good life. Yet the analysts and thinkers I hold in the highest regard tell me that the industries that manufacture these important, indispensable products aren't worth the capital they consume. >>
In that which is most important (food, clothing, transportation, etc.) consumers have an advantage over owners -- not such a bad thing when looked at that way.
<< And industries that manufacture products I use, enjoy and respect, but which I could very well live the rest of my life without (Coca Cola syrup, Gillette brand razor blades),... >>
The producers of these have the edge. But, note, we're not talking "pet rocks" here. Caffeine keeps a lot of us going through the day. And, many of us need to shave daily to be acceptable to "civilization as we know it."
By the way, porc was agnostic on this for a very long time. But, the long term data seems to suggest that there's more profit in cheap-to-make disposable things that people use daily, than in expensive-to-make things that last 10 to 20 years. porx starting to become a believer --'''':> |
