Tren Griffin @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Jan. 25, 2020 1 min read

1/ Charlie Munger: "Kodak didn’t really go broke, because Eastman Chemical did survive as a prosperous company and they spun that off."  https://www.google.com/amp/s/fortune.com/2012/08/22/warren-and-charlie-and-the-chocolate-factory/amp/ 

"Eastman Chemical generated free cash flow of $306M in the third quarter."  https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/eastman-chemical-emn-announces-hike-135001655.html 

2/ A 24 year old Kodak employee "invented the process that allows us to make photos with our phones."  https://lens.blogs.nytimes.com/2015/08/12/kodaks-first-digital-moment/?mtrref=www.google.com&gwh=A8169C993946D7100121673B0222B92F&gwt=pay&assetType=REGIWALL 

"But it was filmless photography, so Kodak management’s reaction was, ‘that’s cute—but don’t tell anyone about it.’"  https://www.google.com/amp/s/www.forbes.com/sites/chunkamui/2012/01/18/how-kodak-failed/amp/ 

3/ Charlie Munger: "The great lesson in microeconomics is to discriminate between when technology is going to help you and when it’s going to kill you. And most people do not get this straight in their heads."

Kodak's mostly chemical engineers were not destined to win digital.


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