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I bet you are correct, but i think the best chance they have to keep their economic moat for as long as possiblr is to stay as far away from the internet as possible.
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I bet you are correct, but i think the best chance they have to keep their economic moat for as long as possiblr is to stay as far away from the internet as possible.
My curiosity is to what extent their practices have been digitized.
Because if they haven't been, and they're too slow in embracing technology, then my guess is this old way of doing business will gradually lose market share and become irrelevant, despite the relative genius of its handling of certain market frictions.