Is the glass half full or half empty? What’s your answer? When you are assessing a company and its economic context, can you see what others can’t?

Think about “areas that other people are not thinking about.” Jane Siebels remarks in the book about Templeton’s passion to “open other people’s minds and broaden their scope.”

1) Competitive Industry. Top names like SIA / Emirates / Qatar are in a highly competitive unregulated over-saturated industry. Samsung / LG / Sharp / Apple are also in the cut throat LCD TV and Smart phone industry. Tough luck – tough making money. Or as Warren Buffett might have said, it is pointless to jump a seven foot hurdle (rather than a one foot hurdle) in business. Competitive industry bad for profit? Or is it? In fact the more competitive the industry is, the more lucrative it is for the “supporting” companies like ......