That Doesn’t Work Anymore

Chapter 40 Never Close Your Eyes or You Will Miss Something

It is hard to think of a time in history when technology has become more rapidly accepted or economic change has been more widespread. This is impacting economic activity and how society functions. Together innovation and sociological impacts are making this era very different than in the past. It has been typical to use historical data to make decisions, but you must understand that this era has changed the value and relevance of much of the historical data that is typically used to develop opinions on the value of an investment. Data must be looked at differently now. Similarly, revisiting and reexamining theories about economic interactions are critical because so many relationships ...