Now is the time to invest in R&D

In the early 1930's, there was another financial crisis you might have heard about. In the midst of that, Thomas Watson of IBM made the decision to invest $1M to build a stand-alone research facility in Endicott, New York. That was a significant amount of money back then, in fact, it was 6% of IBM's revenues. There is no doubt it was a brilliant move. A great lesson for today?