Creative destruction
Economist Joseph Schumpeter coined the phrase “creative destruction” to describe the way innovation in the manufacturing process increases productivity while destroying the old way of doing things as a new efficient way is developed. This idea has been expanded to many other contexts as we…
This is 40: Growth vs. value
The struggle of trying to time the market is a much-discussed topic. The overall conclusion of research is to take on this task at your peril and, given the compounding of returns over time, the best time to invest is sooner rather than later. In…