Just a reminder that nothing lasts forever, and no company—not matter how powerful and profitable—stays that way forever.
If you looked at the Dow Jones Industrial Average (DJIA) list of companies that were there 100 years ago, almost none of them are on there now.
For a a long time, the one exception was General Electric (GE) but this is no longer the case. After more than 100 years, GE lost its space on the DJIA.
In fact, the original GE no longer exists. General Electric has just split itself intro three separate companies—becoming a shadow of its former self.
GE Aerospace still trades under GE, but GE’s health and energy divisions are now separate entities entirely.
It’s the end of an era. I’m sure Thomas Edison and Jack Welch are spinning in their graves.
