The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation—if I may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.
The key to successful investing is to have a clear understanding of the market, the risks involved, a disciplined approach, a long-term perspective, and a strong understanding of the fundamentals.
The future of food production lies in balancing efficiency with environmental stewardship.