斜陽産業やニッチ市場には優良企業が隠れている。競争よりも独占が望ましい。
Excellent companies are often hidden in declining industries or niche markets. Monopoly is preferable to competition.
Good companies can be found in industries that are going down or in special small markets. It's better to be the only one than to have lots of competition.
In fading industries and niches small,
Great companies hide, away from the brawl.
Better to reign alone, undisputed, tall,
Than in crowded fields, where many fall.
衰退する産業や小さなニッチ市場の中に、争いから遠く離れて、素晴らしい企業が隠れている。
議論の余地がないほど高く、独りで君臨する方が、多くが転ぶ競争の激しい場所よりも良い。
