Thanks, Bob.
“you CANNOT prepare for the future now, and your investment that you have made will be OBSOLETE”
In my companies we continuously prepare for the future. In a country where production equipment is much more expensive compared to the US, we cannot afford to behave differently. It would be really bad for business. I think you certainly can prepare for the future and later find use for equipment that has passed it’s peak. When older formats and machinery become obsolete on the production side, they still remain important on the distribution and archival side for many years. (In our setup we have separate companies covering production, equipment rental and distribution).