Underestimating general future growth - Deepstash

Underestimating general future growth

  1. Past progress as a one-time event misses how much of progress is incremental. A breakthrough never occurs in isolation but is the product of many little discoveries, often meaningless by themselves, that someone links together.
  2. Assuming that big current problems will prevent future progress. This misses that most progress feeds off big current issues.
  3. In real-time, it nearly always looks like progress over the previous decade has stalled, seeming to confirm that we've reached the limit of our innovation. This is because it often takes a decade or more for breakthroughs to be noticed.

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"Money does not guarantee success." ~ Jose Mourinho

Economics is also about the stories we tell ourselves

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