Insider Hint: Investing in Industry
Investing in industries can be quite lucrative, but it is important to remember that with the changing times, some industry might become obsolete while others might be just beginning to grow.
For starters, how permanent is the industry? Is it one that will shortly go the way of the carriage-makers and the traction companies? It is certainly true that all kinds of industry do not continue indefinitely. The fact that our mode of living is in a state of continuous change is seldom recognized except, perhaps, by those older inhabitants who still talk about the “good old days.” There are children today who have never seen a streetcar or ridden in a horse-drawn vehicle.
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