How did Intel do so badly?

+ Key Skills of APMs & Advice from Buffett

How did Intel manage to do so badly in an industry with so many tailwinds?

There was a time Intel was worth more than Nvidia, AMD and TSMC combined. Now each of those upstarts is worth multiples of Intel. It’s a great lesson in strategy gone wrong.

Intel 10 year returns are pathetic compared to Semiconductor peers.

1. Losing the technical lead

For years, In…