In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Today, however, nobody is afraid of GE. General Electric (NYSE: GE) stock; for example, was trading at $11.29 on 27 November 2019. Meanwhile, Mr. Market gave GE a $98.602 billion market capitalization on the same day.
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General Electric’s problems stem from its roots in the Old American economy. That economy is slowly dying and taking companies like GE with it.
Investors will wonder if today’s tech titans like Jeff Bezos and Elon Musk are building bureaucratic empires that are doomed to failure. General Electric started on the cutting-edge of innovation and ended up as mess of red tape, bureaucracy and micromanagement.
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