A quote from CNBC's recent interview with Noster Capital hedge fund partner Pedro de Noronha:
"I need to know where a company is going to be in 5-to-10 years. I mean look at Apple, a company we all admire... I don't know where they are going to be in three years. It's a very competitive landscape. They might become obsolete in two-to-three years, as we've seen with dozens of technology companies."