Why We Don’t Buy Marijuana Stocks – Nasdaq.com

In a familiar example to Warren Buffett followers, I’d suggest that everyone acquaint themselves with the list of failed automotive manufacturers . Many of them were founded at the dawn of the automobile, well before 1910, but the number of survivors can be counted on your fingertips. Back then it must have seemed so obvious that cars, not horses, were the future. They were faster for longer distances, and didn’t need constant grooming or feeding. I’m sure many people rightfully assumed that every family, perhaps every person, would eventually own one. This growth should create tremendous wealth, one might reasonably conclude.
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