Kiplinger

3 Ways to Update Your Investing in the New Reality

Navy Adm. Grace Hopper, who is considered one of the greatest innovators of our time, once said, “The most dangerous phrase in the English language is, ‘We have always done it this way.’”

When I hear those words, it reminds me of the story about the young entrepreneur named Reed Hastings. Twenty years ago, he mustered the courage to pitch a potential merger between his fledgling company, Netflix, and mega-movie behemoth Blockbuster. His proposal: Team up to build a better online platform and keep both businesses growing into the future.

Blockbuster passed on the deal, claiming it did not fit their model and would only appeal to a small niche at best. The rest would become history, as Blockbuster filed for bankruptcy in with .

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