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Friday, April 24, 2015 3:54:18 PM
Some of the good companies were smaller than their comparisons when they began the transition from good to great. Simply being smaller and having more room to grow might have contributed to their outperformance. Collins ignores this, e.g. when he compares the performance of Circuit City-- a tiny near-bankrupt retailer when it began its transition from good to great-- with General Electric, one of America's largest companies:
If you had to choose between $1 invested in Circuit City or $1 invested in General Electric on the day that the legendary Jack Welch took over GE in 1981 and held to January 1,2000, you would have been better off with Circuit City-by six times.
Success is the product of doing everything else right!!!
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