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Everyone says business should be thought on a long term basis I. E., in decades. , but things are changing now. Flipkart and Amazon e-commerce player who invested billion of dollars thinking they will make money in the long run face huge competition

This would have worked 1-2 century ago but wouldn't work now. Considering the speed of Inventions, it's almost impossible for a common man to predict the future (only investors can do). Like for eg. 2 century ago, only few Life Changing inventions