Listening to a radio station, one of the historians made a general comment that most of history can be construed as accidents gone right. Her point was in every project or looking at how people governed themselves in the past, there was accidents that could have changed the dynamics or accidents gone right. The radio station was about the Italian province of Sicily, Italy during the reign of Frederick the 2nd. The northern people of the Europe, typically did not get along with the Mediterranean people for various reasons including food production. In the case of Frederick the 2nd, he managed a very multicultural state and many areas of arts and science proposed and grew. Laws were codified, many traditions we do today started in this era. Under a different ruler, who knows what would have happened.
Linking to dividend paying stocks, accidental history in this context means management matters. Who runs the company and how they run it, can be important as what it does. Few expect their companies to change the world, but the daily execution of business plans to consistently generating profits to pay dividends is something to pay attention to.
There are more questions than answers, till the next time – to raising questions