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av({"version":"1.0","encoding":"UTF-8","entry":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-1255205710242367002.post-4445508199854223056"},"published":{"$t":"2012-11-22T01:28:00.001-08:00"},"updated":{"$t":"2012-11-22T01:28:10.620-08:00"},"title":{"type":"text","$t":"Better to be Bang \u0026 Olufsen than Sony"},"content":{"type":"html","$t":"\u003Cbr \/\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp;Nov. 22 (Bloomberg) -- Sony Corp. and Panasonic Corp., the\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003EJapanese electronics makers reeling from record losses, had\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003Etheir long-term credit ratings downgraded to junk by Fitch\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003ERatings, citing a weak recovery in the television market.\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\"\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Ci\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003EThings Investors should hate: Innovation\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/i\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"color: #333333; font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\" style=\"background-color: white;\"\u003EInnovation has two very nasty effects on investors.\u0026nbsp; \u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"color: #333333; font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\" style=\"background-color: white;\"\u003EThe first one is that it gets everyone excited, often over-excited. It’s possible to trace most of the great booms in stockmarket history to the over-enthusiasm of investors for some new technical trend……\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"color: #333333; font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003EThis is the second way in which innovation is a bane to the investor: it destroys existing, often long-established, business models.\u0026nbsp; This process of creative-destructionism usually, eventually, leads to simpler, better ways of organising corporations and lives.\u0026nbsp; But in the meantime all of those careful investment plans, built on careful historical analysis of sales and earnings can go hang.\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"color: #333333; font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan lang=\"EN-GB\"\u003ESo, yes, I love innovation personally.\u0026nbsp; But as an investor I’d rather find something which is more likely to stand the test of time.\u0026nbsp; \u003Cb\u003E\u003Cu\u003EPowerful brands and physical goods are harder to displace.\u003C\/u\u003E\u003C\/b\u003E\u0026nbsp;\u003Co:p\u003E\u003C\/o:p\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"color: #333333; font-family: Arial; font-size: x-small;\"\u003E\u003Cspan lang=\"EN-GB\" style=\"font-size: 11pt;\"\u003E\u003Ca href=\"http:\/\/www.psyfitec.com\/2012\/07\/things-investors-should-hate-35.html\" target=\"_blank\"\u003Ehttp:\/\/www.psyfitec.com\/2012\/07\/things-investors-should-hate-35.html\u003C\/a\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"color: #333333; font-family: Arial; font-size: x-small;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv class=\"MsoNormal\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial; text-align: start;\"\u003EBetter to have design than to have innovation \u0026amp; product. Is Apple a B\u0026amp;O or a Sony? I don't know\u003C\/span\u003E\u003C\/div\u003E\u003Cbr \/\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/thoughtmeme.blogspot.com\/feeds\/4445508199854223056\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/11\/better-to-be-bang-olufsen-than-sony.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/4445508199854223056"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/4445508199854223056"},{"rel":"alternate","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/11\/better-to-be-bang-olufsen-than-sony.html","title":"Better to be Bang \u0026 Olufsen than Sony"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}}});