> While I agree with your essential conclusions, I don't think the automobile companies really fit.
Many of the early 1900s companies (e.g. Ford, GM, Mercedes, even Chrysler) are still among the largest auto companies in the world.
American Automative filled for Bankruptcy multiple times.
American Government had to step in to back them up and bail them out.
Every sector has its story like that. bankruptcy for a huge business isn't the same as an individual doing it.
And yea, it will vary. Amazon crashed hard on stocks through the 2000's. Google completely thrived. they are still considered on the same standing today as a trillionaire tech company
American Automative filled for Bankruptcy multiple times.
American Government had to step in to back them up and bail them out.