History Repeating: The Challenge of Stock Classification in a Fintech World
It's easier than ever for companies to expand into new business lines. As a result, it's more challenging to make like-for-like comparisons of stocks.
Stock selection may seem like an easy tick-off-the-list thing to do. However, with new entrants encroaching on existing brick-and-mortar territory, and perhaps a few more in terms of business lines, this might make the process a little more complicated. Wei-Shen Wong finds out if the traditional classification for stocks needs to change and why.
In the 1880s, the core businesses that would eventually become IBM were created. Big Blue has since become a major technology provider in a multitude
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