The Investment Trap of Niche Companies Be Willing to Double Down

Lessons from a Money-Losing Investment

[Lessons from a money-losing investment in Sprint?] I’d put this in the category of what David Packard once said, that more companies die of indigestion than starvation. This was a company that had not done a big acquisition, so our mistake was in taking the company’s plan after the merger at face value. There were a lot of reasons, in retrospect, to imagine they’d have a much more difficult time than they expected.