@Louis. Kyron
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It may be easier to think of this industry as an “ecosystem”. The industry is a dynamic, vibrant and living system that, like all ecosystems, will evolve. Adaptation skills will determine what survives and thrives and what does not. This view of the industry is not at all unlike the “consolidation curve” and they are complimentary. The Retail Investor is an integral part of this Ecosystem and also requires an adaptive mindset to be better
positioned to identify those companies that are most likely to succeed and to accept the loss of others. It seems unfathomable that so many are now only recognizing and writing on this simple truth – the consolidation curve and the impact of supply and demand.