Success in Innovation and Investment Requires Persistence

True innovation stems from exceeding expectations rather than merely meeting them, exemplified by BMW's 7 Series and i7 models that are designed with future-oriented luxury and technology features. Achieving success, particularly in wealth management and investment, involves continuous discipline and teamwork, as demonstrated by Stiefel's strategic growth over 130 years. The Biden administration's significant investments in clean energy and semiconductors emphasize the challenges of translating intentions into action, particularly in the infrastructure sector. While manufacturing investments have surged to double pre-2000 levels, the U.S. continues to struggle with cost-effective transportation infrastructure development, spending disproportionately more than other countries, thus highlighting the systemic difficulties in managing such projects.