Business reporter
Getty ImagesWe have all heard of carmaker Ford, but what about its one-time rivals Abbot-Detroit, Acme, Adams and Aerocar?
No? Well that is hardly surprising because unlike Ford they all went bust very early on. And they are just some of the failed car companies starting with the letter “A”.
We only remember the winners who went on to dominate the world’s motor industry, and the current high-tech sector is much the same.
A great many investors backed the wrong horseless carriages around a century ago and lost their money. Only a few picked Ford or Chrysler, which is almost exactly what is happening now, only to the tech sector.
Tech shares have been hugely volatile over the past year, as has been widely reported, with share price graphs often looking like rollercoaster rides, even before President Trump’s tariffs have caused wider stocks…
