Charlie Munger on Investing Lessons from Kodak's Bankruptcy | Final Interview with CNBC'23 【CCM 324】

Kodak had an electronic camera but refused to market it because it would hurt the chemical film business. Eastman Chemical is still in business.

He’s say that there is no certainty and the leader of Kodak and Kodak are an example of this. The shareholders were not wiped out by a dummy or an inefficient organization. Technology makes the previous technology obsolete so quickly.

Thank u for including a date for reference. 👍

A big blow to Rochester.

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It remindes me of Lego

Wait… I thought they crashed because they did not move o digital even though they were presented with the technology when it was in its early stages. It‘s the nature of disruptive innovation that the big players won‘t be able to recognize its potential.

Eastman Kodak might have been created by a genius, but near its end, genius would not be a term to describe the management that drove it to bankruptcy. I left in 1989 seeing the writing on the wall. Close minded management ended Kodak's reign.

I'm sure there was a time when Kodak was run by intelligent people, but it was run into the ground by imbeciles. I watched it happen up close, and can tell you it didn't have to happen. Fuji kicked their butt!

what a vacuous video

No matter how genius you are, when something as amazing as an iPhone comes out with an amazing camera, there is nothing you can do.

Kodak suffered its decline as a result of several factors. Arrogance, inability to maintain forefront brand identity as digital imagery entered the market, and the failure to be agile while competitors, without the burden of equity in a dying technology demand, quickly moved and invested in the future. So it was with Sears, Packard motor car, and others.

Every timr Becky Quick goes public, she gets a +.

Poor Charlie's Almanac is a fantastic read full of wit, humor and wisdom. But he downright gushes about Jack Welch, a huckster and a fraud who drove GE into the ground. There's a lesson there too.