David vs Goliath: 3-year returns in mid- and smallcaps 2x that of Nifty
“First, disruptive products are simpler and cheaper; they generally promise lower margins, not greater profits. Second, disruptive technologies typically are commercialized in emerging or insignificant markets. And third, leading firms’ most profitable customers generally don’t want, and indeed initially can’t use, products based on disruptive technologies.” – Clayton Christensen in The Innovator’s Dilemma Please note … Read more
