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Investing lessons from winners


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There is something Microsoft, Orsted and David Bowie have or had in common. And it is rather important, and something long-term investors could benefit from understanding as you can discover here.

When Microsoft (US:MSFT) was under the leadership of Steve Ballmer, it appeared to be an empire in terminal decay. It was the age when we were getting excited about Linux, and the penny had just about dropped everywhere on how important smartphones had become. Microsoft's attempt to muscle in on the smartphone market involved Windows and Nokia technology. I once likened its partnership with Nokia to two drunks trying to hold each other…

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