Of all the industries taken for granted in the U.S., but capable of improving standards of living and unleashing enormous productivity in other countries – air conditioners might be our favorite example.
We are invested in a handful of different companies that are too busy to worry about politics, news, or the economy outside. They are creating their own climate inside for a growing list of customers, with accelerating demand just scratching the surface of potential for stakeholders.
Willis Carrier & the first air conditioner in New York, 1922