Competition is warfare. Mostly it is played by prescribed rules � there is a sort of Geneva Convention for competition�but it's thorough and often brutal.
These companies have money thrown at them. And that's good, but it's also dangerous. It's good because it allows them to do big things, and it is dangerous because companies who have too much money don't have the market discipline of learning to operate with the money that they bring in as part of their business... and developing a pattern or focusing that that discipline brings.
A question that often comes up at times of strategic transformation is, should you pursue a highly focused approach, betting everything on one strategic goal, or should you hedge?... Mark TWain hit it on the head when he said, 'Put all of your eggs in one basket and WATCH THAT BASKET.'
Too much money is a dangerous thing to deal with. And the point I'm saying is exponential-huge opportunities bring exponentially huge opportunities for failure as well.
When you're caught in the turbulence of a strategic inflection point, the sad fact is that instinct and judgment are all you've got to guide you through.
Market share is gained and lost at times of technology breaks. This is the mother of all technology breaks...So the opportunity to try and bet on the horse that's going to get ahead is very, very tempting. At the same time, the ability to discriminate between one choice and another choice in this very noisy investment environment is becoming very difficult.
On Destiny: "Our destiny exercises its influence over us even when, as yet, we have not learned its nature: it is our future that lays down the law of our today."
Human, All Too Human