ArjunGaur @ArjunGaur: "Good News - There’s Nowhere..."

United Kingdom

Good News - There’s Nowhere Left to Hide 1. Bad Ideas It still takes a long time for great ideas to become mainstream. It always will. But we’re now staggeringly fast at exposing and weeding out bad ideas, uncompetitive pricing, misleading marketing, and fraud. And it’s only going to get faster. It’s harder than ever to sell inferior products, because thousands of buyers leave reviews on Amazon. It’s harder than ever to provide bad service, because thousands of customers call you out on Yelp. It’s harder than ever to be a bad employer, because thousands of employees tell their stories on Glassdoor. 2. Consumers Jeff Bezos once said - The balance of power is shifting toward consumers and away from companies. The right way to respond to this if you are a company is to put the vast majority of your energy, attention and dollars into building a great product or service and put a smaller amount into shouting about it, marketing it. Michael Dell echoed the point, saying - You can’t trick the consumer anymore. The businesses that had an advantage because they sold things in a geographic area where people had limited information, and they couldn’t travel to go buy something else. Those folks are in real trouble. The Net kind of destroys that business model. The explosion of online content has two sides. Everyone has a platform to tell their story and share their information, which is great. But everyone is also watching each other, scanning the world and waiting for you to slip up so they can reveal your inefficiencies and bad behaviour. 3. Revelations The guy who exposed Valeant’s crazy accounting wasn’t from a big Wall Street bank or newspaper. He’s a sleuth who works from home and publishes his work online for everyone to see. Melania Trump’s similarities to Michelle Obama’s speech at the Republican National Convention wasn’t caught by investigative journalists. It was first noted by unemployed guy sitting in Starbucks who, thanks to Twitter, instantly had the world’s attention. The biggest threat to the financial services industry isn’t poor performance and high fees – both have been customary for decades. It’s the newfound ability for anyone to instantly, without much effort, compare fees and performance to other products. 4. Conclusion Business has always been competitive. But it’s doubling down. Anyone who thinks they can get ahead by shouting the loudest is wrong. And anyone who doesn’t have data to prove their worth without shouting won’t make it far. How to hide from Bad Ideas while investing - Rather than betting big on one business, how about splitting it among many like $FRSX (Foresight Autonomous Holdings Ltd-ADR) $SPWH (Sportsman's Warehouse Holdings Inc) $FUTR.L (Future plc) $TOPS (TOP Ships Inc) and $VRNT (Verint Systems Inc.) i1.wp.com/www.bobcesca.com/wp-content/uploads/2018/03/BadIdeas.jpg?fit=600%2C429&ssl=1&w=640 I welcome you all to look at my Portfolio and add it to your Watchlist >> I look forward to growing with all of you : )

5 Mentioned

FRSX

Foresight Autonomous Holdings Ltd-ADR

SPWH

Sportsman's Warehouse Holdings Inc

FUTR.L

Future plc

TOPS

TOP Ships Inc

VRNT

Verint Systems Inc.