Vibrant capitalism and Silicon Valley: The secret sauce of US equities
What sets companies on both sides of the Atlantic apart?
Apple HQ in Silicon Valley
In 1962, a young Stanford graduate and former middle-distance runner named Phil Knight sold his car and bought a ticket to Japan, at the time a leading supplier of sprinting shoes.
Once there he persuaded a local manufacturer, Onitsuka, to grant him exclusive distribution rights over its Tiger line in the Western US. The business he built on the back of the agreement became the...
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