Comment The one mistake investors keep making (Score 1) 386
This reads like the bible for the short-term investor. As an (admittedly small time) investor, I want to put money into a company that makes solid profits with its current goods/services while pushing the envelope for the future. Be on the bleeding edge. Push boundaries. Create new markets. Fail often, kill your failures, and learn. Don't stagnate in your current market; waiting to be dethroned by competition.
Something like a driverless car could revolutionize transportation and all of the industries which rely upon it. Being on the forefront of that could spell enormous profits (not to mention entirely new industries).
Sadly, it seems the current investor is only interested in what a company has done this quarter. That results in companies that are so bent on shaving costs on their current products/services that they completely miss the thing that makes them obsolete. This is one of the reasons Buffett always argued against splitting Berkshire stock. He wasn't interested in collecting investors who couldn't commit to the long-term. Interestingly, Berkshire started as a textile manufacturer. That isn't to say they are on the bleeding edge, but they do represent a company that is willing to look for and invest in something new and different.