Common Sense Investing: Creative destruction rears its head again

While going through some old boxes I stumbled across my investment research records going back to the ’80s. I found dozens of notebooks on which I had written down my daily market trades. Every page was filled with stock ticker symbols and pricing, as well as the financial results of each transaction. A flood of memories returned as I reviewed the symbols of hundreds of the biggest companies of the day, many of which have since faded away into stock market history.

One such company symbol was that of Eastman Kodak. Formed in the 1800s, Kodak had been a pioneer and innovator whose products have brought tremendous value to all of our lives. Despite his contributions to the world, Kodak eventually filed for bankruptcy and was removed from the Dow Jones stocks as new technologies replaced Kodak products.