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Explore the analogy of government as a living entity accountable to Darwin's principles, not Newton's, and its application to managing money. Analyze global demographic trends and their impact on economic models. Discuss the practicality of Ben Graham's stock-picking formulas and the evolution of investing strategies. Emphasize the importance of adapting to changing market dynamics for financial success.
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- Woodrow Wilson viewed government as a living, evolving entity, not a rigid machine, emphasizing the need for adaptation and flexibility.
- Demographic shifts challenge traditional economic models reliant on population growth, emphasizing the importance of adapting to evolving trends.
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Wilson's View on Government as a Living Entity
Woodrow Wilson, the only US president with a PhD in political science, believed that the government is not a machine but a living thing. He argued that the government should evolve and adapt, influenced by its environment and tasks, rather than conforming to fixed rules like a machine. Wilson's comparison of government being accountable to Darwin's theory of evolution, not Newton's laws, emphasizes the need for flexibility and change in governance.
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