The Best Investment Writing Volume 5: Andrew Patterson, Vanguard - The Idea Multiplier: An acceleration in innovation is coming
The Meb Faber Show - Better Investing
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The Idea Multiplyer and Productivity Growth
One new idea now leads to 400 additional ideas, on average, ten times the number that we saw back in the 19 eighties. One point two % productivity growth is double the post two thousand average of zero point six per year. Investors should refrain from making any investment decisions based solely on our findings because many factors, particularly valuations, help explain future asset returns.
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