With passive assets exceeding 60% of fund AUM, Microsoft's dominance reveals both stability and the concentration risks that now define equity markets.
Much like the great railroad combinations and oil trusts of the late 19th century, Microsoft Corporation (MSFT) has built an infrastructure upon which the modern commercial economy depends. However, the
The competitive process is undermined when a single enterprise controls the essential infrastructure upon which rivals depend, bundles complementary products to foreclose competition, and erects barriers to entry that new
