Natural Selection
Categories: Regulations
Darwin. Finches. Turtles. Galapogi things. Survival of the fittest. That's what natural selection is.
When you think about the term through a Wall Street lens, you think about what companies and businesses best align with a given environment. So today, if you were the best darned horse-shoer in the world, you'd have jobs in like...the Berkshire mountains, maybe around a Kentucky race track, and a few other odd mountainous places in the world that leverage yaks for hauling things. But that's it. Dead-ish industry. Evaporating.
But take those same skills in 1758, and wow...you'd be aligned with a huge growth industry, desperate for shoes for cloven-hoof animals all over the planet. Invent a waffle iron-style horseshoe maker to make eight at a time instead of one, and you'd have been the Microsoft of your era.
Natural selection operates like this in business, in close proximity to the way it operates in nature, so uh...look out for those robots. If you work for a living, they're not your friend.