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Recent events highlight the importance of efficiency in corporate success, as companies leveraging artificial intelligence (AI) are likely to dominate over established businesses. A pivotal quote from economist Joseph Schumpeter defines this process as “creative destruction,” where outdated entities are replaced by more efficient upstarts. Investors must assess whether companies introduce significant efficiency boosts or apply new technologies to enhance operations when considering investments.
One illustrative example is Ford Motor Co., which implemented an efficient assembly line in the early 1900s, drastically reducing the price of its Model T from $850 to $260, resulting in soaring sales. Today, firms like Corning Inc. are also driving efficiencies, particularly through advanced technologies like fiber-optics. Upcoming presentations by TradeSmith may further equip investors with AI tools to navigate this changing landscape.
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