Less than a third of today's top companies were in the FTSE 100 Index two decades ago
As last week's Chapter 11 bankruptcy protection filing from
iconic US photographic film company Kodak goes to show, being
a pioneer in your field and a global household name is not a
guarantee of future success.
In fact given the fast pace of modern technological
development, in particular with the emergence of the
internet, companies constantly need to ensure their business
models remain relevant.
So is there a lesson for investors to take from this? Will
the mega