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Remember, investment is for the future. It would seem riskier if progress was flat, but that doesn't seem to be the case.


What makes it seem like progress isn't flat?


Largely speaking across technological trends of the past 200 years, progress is nowhere near flat. 4 generations ago, the idea of talking with a person on the other side of the country was science fiction.


You might want to recheck your example. Four generations ago would be my great-grandfathers. They were my current age around 1920. The first transcontinental (not just cross-national!) telephone call took place in 1914.




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