How to Know When a Company Represents a Paradigm Shift
Think of the difference between evolution and revolution.
Bloomberg, March 14, 2018.
Thomas Kuhn, the American physicist and philosopher, is perhaps best known to the public for the phrase “paradigm shift.” In his book “The Structure of Scientific Revolutions,” he describes the differences between ordinary scientific problem solving — what he termed “normal science” — and scientific revolutions. His concept of nonlinear evolution became so widely adopted by popular culture and business that today the phrase he coined has become a cliche.
Apple Inc., Amazon.com Inc., Alphabet Inc. (Google) and Uber Technologies Inc. certainly qualify. Other companies, such as Netflix Inc., Tesla Inc. and WeWork Cos., might be doing the same.
Let’s consider a few of these companies. Perhaps we might discern a pattern that investors might find useful . . .